Debt ratio= Total liabilities*100/Total assets
= $132000*100/450000= 29.33%
So, the answer is option B) 29.33%
Durable Plastics Company had the following total assets, liabilities, and equity as of December 31. Total...
Which of the following statements is true of a trial balance? O A. A trial balance has the same format as a balance sheet. OB. A trial balance is prepared after the balance sheet. OC. A trial balance presents data in debit and credit format. OD. A trial balance shows the total amounts of assets and liabilities, but not equity. Durable Plastics Company had the following total assets, liabilities, and equity as of December 31. Total Assets Total Liabilities Total...
Barger Corporation has the following data as of December 31, 2018: $ Total Current Liabilities Total Current Assets 52,910 58,200 106,920 Total Stockholders' Equity Other Assets Property, Plant, and Equipment, Net $ ? 31,500 215,430 Long-term Liabilities Compute the debt to equity ratio at December 31, 2018. (Round your answer to two decimal places, X.XX.) Debt to equity ratio
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Rosewood Company had current assets of $622, current liabilities of 5403, total assets of $752, and long-term liabilities of $200. What is Rosewood's debt ratio? (Round your final answer to two decimal places.) O A. 0.80 OB. 0.27 OC. 0.54 OD. 1.54
Brief Exercise 9-63 Ratio Analysis Trevor Corporation had $2,900,000 in total liabilities and $4,300,000 in total assets as of December 31, 2019. Trevor calculates that 40% of assets are designated as current, while $500,000 of Trevor's total liabilities are long-term. Required: Calculate Trevor's debt to assets ratio and its long-term debt to equity ratio. Round your answers to two decimal places. Debt to Total Assets Long-Term Debt to Total Equity
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Cornerstone Exercise 9-41 (Algorithmic) Ratio Analysis Red Corporation had $2,199,000 in total liabilities and $3,500,000 in total assets as of December 31, 2020. Of Red's total liabilities, $350,000 is long-term. Required: Calculate Red's debt to assets ratio and its long-term debt to equity ratio. Round your answers to four decimal places. Debt to Total Assets Long-Term Debt to Total Equity
Modern Moving Company reported the following amounts on its balance sheet as of December 31, 2019 and December 31, 2018: 2019 2018 Cash and Receivables $175,000 $135,000 Merchandise Inventory 235,000 170,000 Property, Plant and Equipment, net 780,000 790,000 Total Assets $1,190,000 $1,095,000 Total Liabilities S485,000 $445,000 For the vertical analysis, what is the percentage of stockholders' equity as of December 31, 2019? (Round your answer to two decimal places.) O A. 59.36% OB. 59.24% O c. 100.00% OD. There is...
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017 December 31 2016 2017 43,516 $6,595 18,519 2,729 114,379 121,835 53,758 0 149,204 37,233 30,800 86,437 Cash Accounts receivable 23,621 3,726 Office supplies Office equipment Trucks Building Land Accounts payable Note payable 44,758 62,100 NETTLE DISTRIBUTION Balance Sheet December 31, 2016 Assets Liabilities Equity Total equity Total assets 0 Total liabilities and equity NETTLE DISTRIBUTION Balance Sheet December 31, 2016 Assets...
Quick Ratio Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years: Current Year Previous Year Current assets: Cash $517,000 $736,000 Accounts receivable 459,000 347,000 Inventory 283,000 292,000 Total current assets $1,259,000 $1,375,000 Current liabilities: Current portion of long-term debt $98,000 $86,000 Accounts payable 195,000 171,000 Accrued and other current liabilities 317,000 313,000 Total current liabilities $610,000 $570,000 a. Determine the quick ratio for December 31 of both years. If required, round your answers...