The following selected information is shown in the financial statements of CCC Company: Cash and cash equivalents
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Question:
- The following selected information is shown in the financial statements of CCC Company:
- Cash and cash equivalents 205,000
- Prepaid expense 100,000
- Inventories 150,000
- Trade and other receivables 180,000
- Total Non-Current Assets 1,800,000
- Total Liabilities 1,500,000
- Shareholders` Equity 1,000,000
- Net Sales 1,300,000
- In the common size statement of financial position, the prepaid expense will have a proportional percentage of?
- The Gross Profit of BBB Company for the year ended December 31, 2016, is 65% with an absolute value of 850,000. The operating expenses have a proportional percentage of 20%. How much is the absolute peso amount of the operating expenses?
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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