11.-15. Using the following accounts from the A-Mart, Incorporated's balance sheet for the year ending December 31, 2013, answer the questions below. Use cash as a plug figure. Note that all figures...


11.-15. Using the following accounts from the A-Mart, Incorporated's balance sheet for the year<br>ending December 31, 2013, answer the questions below. Use cash as a plug figure. Note that all<br>figures are in millions.<br>Common stock (PHP1.00 par)<br>PHP 60<br>400<br>Current portion of L.T. Debt<br>300<br>Short-term bank loan<br>Leasehold improvements<br>20<br>Accrued expenses<br>40<br>Net accounts receivable<br>100<br>Accumulated depreciation<br>200<br>Long-term bank loan<br>600<br>Gross fixed assets<br>900<br>Retained earnings<br>200<br>90<br>Cash<br>Accounts payabie<br>???<br>190<br>Inventories<br>

Extracted text: 11.-15. Using the following accounts from the A-Mart, Incorporated's balance sheet for the year ending December 31, 2013, answer the questions below. Use cash as a plug figure. Note that all figures are in millions. Common stock (PHP1.00 par) PHP 60 400 Current portion of L.T. Debt 300 Short-term bank loan Leasehold improvements 20 Accrued expenses 40 Net accounts receivable 100 Accumulated depreciation 200 Long-term bank loan 600 Gross fixed assets 900 Retained earnings 200 90 Cash Accounts payabie ??? 190 Inventories
A. A-Mart's current assets are PHP<br>B. A-Mart's current liabilities are PHP<br>C. A-Mart's total assets are PHP<br>D. A-Mart's total liabilities are PHP<br>E. A-Mart's total stockholder's equity is PHP<br>

Extracted text: A. A-Mart's current assets are PHP B. A-Mart's current liabilities are PHP C. A-Mart's total assets are PHP D. A-Mart's total liabilities are PHP E. A-Mart's total stockholder's equity is PHP

Jun 10, 2022
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