Problem A Rain Co. has a total fixed asset of P100,000. The current asset per quarter of the company is shown below: 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter 15,000 12,000 17,000 20,500 11,500...


Problem A<br>Rain Co. has a total fixed asset of P100,000. The current asset per quarter of the company is<br>shown below:<br>1st<br>2nd<br>3rd<br>4th<br>Quarter<br>Quarter<br>Quarter<br>Quarter<br>15,000<br>12,000<br>17,000<br>20,500<br>11,500<br>17,000<br>22,000<br>Cash<br>19,000<br>Accounts Receivable<br>30,000<br>25,000<br>Inventories<br>16,000<br>15,000<br>What is the level of long-term financing if Rain Co.'s policy is to finance all fixed asset and 50%<br>of the permanent current assets with long-term financing and the remaining with short-term<br>financing?<br>

Extracted text: Problem A Rain Co. has a total fixed asset of P100,000. The current asset per quarter of the company is shown below: 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter 15,000 12,000 17,000 20,500 11,500 17,000 22,000 Cash 19,000 Accounts Receivable 30,000 25,000 Inventories 16,000 15,000 What is the level of long-term financing if Rain Co.'s policy is to finance all fixed asset and 50% of the permanent current assets with long-term financing and the remaining with short-term financing?

Jun 08, 2022
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