Total assets = Total Liabilities + Total equity
= 306000+106000 = 412000
Debt ratio = Total Liabilities/Total assets
= 306000/412000
= 74.3%
At the end of the current year, Leer Company reported total liabilities of $306,000 and total...
at the end of the current year, James Co. reported total liabilities of $314,000 and total equity of $114,000. The company’s debt ratio was: At the end of the current year, James Co. reported total liabilities of $314,000 and total equity of $114,000. The company's debt ratio was Multiple Choice Ο Ο 2750. Ο Ο 365 Ο Ο 73 Ο Ο Ο 428,ροο
At the beginning of the current year, Trenton Company's total assets were $272,000 and its total liabilities were $187,000. During the year, the company reported total revenues of $117,000, total expenses of $88,000 and dividends of $17,000. There were no other changes in equity during the year and total assets at the end of the year were $284,000. Trenton Company's debt ratio at the end of the current year is: Multiple Choice Ο 65.8%. Ο 34.2%. Ο 51.9%. Ο O...
MC Qu. 157 Chou Co. has a net income of... Chou Co. has a net income of $55,000, assets at the beginning of the year are $262,000 and assets at the end of the year are $312,000. Compute its return on assets. Multiple Choice Ο Ο Ο Ο MC Qu. 310 Use the information in the adjusted... Use the information in the adjusted trial balance presented below to calculate the current ratio for Taron Company: Account Title Cash R Accounts...
This year, Sampson Company reported total assets of $2,350,000, total liabilities of $700,000, and total stockholders’ equity of $1,650,000. Last year, it reported total assets of $1,650,000, total liabilities of $650,000, and total stockholders’ equity of $1,000,000. For the two years, average total assets were $2,000,000 and average total stockholders’ equity was $1,325,000. Compute the equity multiplier. A. 1.51 B. 1.42 C. 0.42 D. 0.51 Match the term and the definition Terms 1. Indicates the relative proportions of debt and...
The classified balance sheet for a company reported current assets of $1,689,246, total liabilities of $816,540, Common Stock of $1,170,000, and Retained Earnings of $147,260. The current ratio was 2.6 What is the total amount of current liabilities? Multiple Choice 34 $649,710 $872.706 $86,540 $444,554 9 of 10 <Prev Next > FIS & 2 r3 r 4 6 7 8 A 9 C R U P A DS F HT J G K C V B M > glt cmd...
Chapter 2 Help GI G's Bakery has total assets of $453 million. Its total liabilities are $124 million. Its equity is $329 million Calculate the debt ratio Multiple Choice Ο Ο Ο Ο Ο < Prev 3 of 8 Next > MacBook Pro murch ersnter website name
Stark Company's most recent balance sheet reported total assets of $1.98 million, total liabilities of $0.76 million, and total equity of $1.22 million. Its Debt to equity ratio is: Ο Ο Ο Ο Ο Ο
At the end of the current year, a company has the following amounts: During the Estimated current for next year year $ 7,200 $ 8,300 $12,500 $9,100 $ 2,400 $ 2,600 Sales returns Sales allowances Sales discounts For what amount would the company report sales returns in its current-year in Multiple Choice $7,200. 0 $9,500. 0 $15,500 0 $22,100. 0 uizi The percentage-of-receivables method for accounting for uncollectible accounts focuses on the: Multiple Choice Total credit sales for the year....
The classified balance sheet for a company reported current assets of $1,688,830, total liabilities of $800,540, Common Stock of $1,010,000, and Retained Earnings of $131,260. The current ratio was 2.6 What is the total amount of noncurrent assets? Multiple Choice $252,970 $649,550 $547,570 $888,290
MC Qu. 182 A company reported total equity of... A company reported total equity of $177,000 at the beginning of the year. The company reported $242,000 in revenues and $181,000 in expenses for the year. There were no stockholder investments or dividends during the year. Liabilities at the end of the year totaled $108,000. What are the total assets of the company at the end of the year? Multiple Choice $61,000 $108,000 $130,000 o $242,000