The current asset of Bulldogs Inc. comprises only of cash, accounts receivables, and inventory. The firm has

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The current asset of Bulldogs Inc. comprises only of cash, accounts receivables, and inventory. The firm has a current ratio of 2, and a quick ratio of 1.8. The total liabilities of the company are P40,000 on which 50% is current.

How much is the cash of Bulldogs Inc. if the accounts receivable balance a balance of P56,000?

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Understanding Financial Accounting

ISBN: 978-1118849385

1st Canadian Edition

Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald

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Posted Date: May 24, 2023 03:39 AM

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The current asset of Bulldogs Inc. comprises only of cash, accounts receivables, and inventory. The firm has

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To determine the cash balance of Bulldogs Inc we can use the given information about the current rat... View the full answer

Understanding Financial Accounting

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