Professional Documents
Culture Documents
Security Amount
Bank and consumer loans 200,000
Banker’s acceptances 150,000
Commercial Paper 75,000
Corporate bonds 110,000
Corporate Stocks 210,000
Federal funds 315,000
Mortgages 410,000
Negotiable certificates of deposit 70,000
Repurchase Agreements 145,000
State and local government bonds 95,000
Treasury bills 105,000
Treasury bonds 180,000
The balance sheets of XYZ Company at the end of each of the first two years of operations indicate the
following:
The net income is ₱80,000 and interest expense is ₱20,000 for 2021. The current market price of the share
is ₱19.80 in 2021 and ₱18.60 in 2020.