You are requested to reconstruct the PDF

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You are requested to reconstruct the account of OS Supplies for analysis. The following data were made available to you: Gross margin for 2008 amounted to P472, Ending balance of merchandise inventory was P300, Long-term liabilities consisted of bonds payable with interest rate of 20% Total sharehol...

Description

You are requested to reconstruct the account of OS Supplies for analysis. The following data were made available to you: Gross margin for 2008 amounted to P472,500 Ending balance of merchandise inventory was P300,000 Long-term liabilities consisted of bonds payable with interest rate of 20% Total shareholders equity as of December 31, 2008 was P750,000 Gross margin ratio 35% Debt-to-equity ratio 0.8 to 1 Times interest earned 10 Quick ratio 1.3 to 1 Operating expenses to sales ratio 18% 1. Total current liabilities would amount to:

Shareholders' Equity Multiply: Debt Equity Ratio Total Liabilities Bonds Payable Current Liabilities

Current Liabilities Multiply by: Quick ratio Curret Assets Merchandise Inventory Total current assets...