Kindly answer this please. Thank you Problem C: Liquidity Ratios ABC has P400,000 cash, P200,000...
60.1K
Verified Solution
Link Copied!
Question
Finance
Kindly answer this please. Thank you
Problem C: Liquidity Ratios ABC has P400,000 cash, P200,000 shortterm investments, P500,000 receivables, and P900,000 inventories. It has trade payables of P600,000 and shortterm loans of P900,000. It is planning to acquire another shortterm loan. However, the first loan requires ABC to maintain a minimum current ratio of 125%. Required: 9. Current ratio before additional loan* 10. Current ratio if ABC borrowed P300,000* 11. Current ratio if ABC borrows P600,000* 12. Maximum loan amount that ABC can borrow
*Answer in percent rounded off to two decimal places, e.g. 125.33 for 125.33%.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.