Format: 111,111 National Co. has the following balance sheet as of December 31, 2022. P 100,000 100,000 100,000 300,000 400,000 P1.000,000 Total liabilities & equity P1.000.000 Current assets P 600,000 Fixed assets Accounts payable 400,000 Accrued liabilities Notes payable Long-term debt Total common equity Total assets In 2022, the company reported sales of P5 million, net income of P100,000, and dividends of P50,000. The company anticipates its sales will increase 25 percent in
Format: 111,111 National Co. has the following balance sheet as of December 31, 2022. P 100,000 100,000 100,000 300,000 400,000 P1.000,000 Total liabilities & equity P1.000.000 Current assets P 600,000 Fixed assets Accounts payable 400,000 Accrued liabilities Notes payable Long-term debt Total common equity Total assets In 2022, the company reported sales of P5 million, net income of P100,000, and dividends of P50,000. The company anticipates its sales will increase 25 percent in
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter16: Financial Planning And Forecasting
Section: Chapter Questions
Problem 8P: LONG-TERM FINANCING NEEDED At year-end 2019, total assets for Arrington Inc. were 1.8 million and...
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