Kit Company has the following information: Accounts payable P10 million Accounts receivable P5.48 million Average inventory P30

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Kit Company has the following information:

Accounts payable P10 million

Accounts receivable P5.48 million

Average inventory P30 million

Cash P5 million

Cost of goods sold P80 million

EBIT P18 million

Long-term bonds P25 million with 10% coupon

Price per share P72

Price/Earnings ratio 18

Total assets P100 million

Total sales P125 million

What is Debt ratio?

Related Book For answer-question

Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Posted Date: May 13, 2024 02:36 PM

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Kit Company has the following information: Accounts payable P10 million Accounts receivable P5.48 million Average inventory P30

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Answer To calculate the debt ratio we need to divide the total deb... View the full answer

Horngrens Financial and Managerial Accounting

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