The usajusted Trial Balance of FDN Company on June 30, 2022 shows a balance of P565,000 for Debit and Credit. The following account balances were also available: Gross sales = P 245,000 Expenses P 145,000 Liability P 100,000 Owner's Equity = P 200,000 Cash = ? Accounts Receivable = ? Supplies =P 55, 000 Equipment = P 200,000 Accumulated Depreciation = P 20,000 How much is the balance of cash if the ratio of cash to Accounts Receivable is 1:2?

The usajusted Trial Balance of FDN Company on June 30, 2022 shows a balance of P565,000 for Debit and Credit. The following account balances were also available: Gross sales = P 245,000 Expenses P 145,000 Liability P 100,000 Owner's Equity = P 200,000 Cash = ? Accounts Receivable = ? Supplies =P 55, 000 Equipment = P 200,000 Accumulated Depreciation = P 20,000 How much is the balance of cash if the ratio of cash to Accounts Receivable is 1:2?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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