Current liabilities = P470,000
Non current liabilities = P550,000
Working capital = P100,000
Working capital = Current assets - Current liabilities
100,000 = Current assets - 470,000
Current assets = P570,000
Total liabilities = Current liabilities+ Non current liabilities
= 470,000+550,000
= P1,020,000
Debit to equity ratio = Total liabilities/Equity
0.30 = 1,020,000/Equity
Equity = P3,400,000
Total assets = Total liabilities + Equity
= 1,020,000+3,400,000
= P4,420,000
Total assets = Current assets + Non current assets
4,420,000 = 570,000+Non current assets
Non current assets = P3,850,000
Kindly comment if you need further assistance. Thanks
On December 31, 2019, NEVER SAY DIE Company's current liabilities totaled P470,000 and noncurrent liabilities totaled...
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