Homework Answers
Solution
Total debt = $40,000
Total Assets = Total liabilitites + Total stockholder's equity = $40,000 + $60,000 = $100,000
Debt to assets ratio = Total liabilities / Total assets = $40,000 / $100,000 = 40%
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Using the following balance sheet and income statement data, what is the debt to assets ratio?...
Using the following balance sheet and income statement data, what is the debt to assets ratio?...
Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $ 14,000 Net income $ 21,000 The average common shares outstanding was 10,000. Current liabilities 8,000 Stockholders’ equity 60,000 Total liabilities 40,000
Using the following balance sheet and income statement data, what is the current ratio? Current assets...
Using the following balance sheet and income statement data, what is the current ratio? Current assets S 42,000 Net income Current liabilities 21,000 Stockholders' equity Average assets 264,000 Total liabilities Total assets 180,000 Average common shares outstanding was 30,000 a.2.00:1 $ 90,000 126,000 54,000 b. 1.75: 1 c. 0.78:1 d. 0.57:1 e. None of the above.
Using the following balance sheet and income statement data, what is the debt to assets ratio?...
Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $36500 Net income $42100 Current liabilities 14800 Stockholders' equity 76600 Average assets 162100 Total liabilities 56030 Total assets 130000
acct hw help QUESTION 30 At December 1, 2014, Orear Company's Accounts Receivable balance was $4,500....
acct hw help
QUESTION 30 At December 1, 2014, Orear Company's Accounts Receivable balance was $4,500. During December, Orear had credit sales of $20,000 and collected accounts receivable of $14,000. At December 31, 2014, the Accounts Receivable balance is $10,500 debit $4,500 debit $24,500 debit $9,500 credit QUESTION 31 Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $ 14,000 Net Income $ 21,000 Current liabilities 8.000 Stockholders' equity 60,000 Total...
Using the following balance sheet and income statement data, what is the earnings per share? Current...
Using the following balance sheet and income statement data, what is the earnings per share? Current assets $ 7,000 Net income $ 12,000 Current liabilities 4,000 Stockholders’ equity 27,000 Average assets 40,000 Total liabilities 9,000 Total assets 30,000 Average common shares outstanding was 10,000 a)$3.60 b)$4.00 c) $1.20 d) $0.83
need help with this Using the following balance sheet and income statement data, what is the...
need help with this
Using the following balance sheet and income statement data, what is the current ratio? $32500 $41200 Current assets Current liabilities 14000 Net income Stockholders' equity Total liabilities 75400 Average assets Total assets 43400 160700 118800 Average common shares outstanding was 14200. O 0.4:1 O 2.9:1 O 2.3:1 O 2.8:1
Current Attempt in Progress Using the following balance sheet and income statement data, what is the...
Current Attempt in Progress Using the following balance sheet and income statement data, what is the current ratio? Current assets $38500 Net income $43300 Current liabilities 14800 Stockholders equity 79800 Average assets 157700 Total liabilities 41500 Total assets 130000 Average common shares outstanding was 15600. O 2.6:1 2.7:1 O 3.0:1 O 0.4:1
Question 3 (1 point) Using the following balance sheet and income statement data, what is the...
Question 3 (1 point) Using the following balance sheet and income statement data, what is the current ratio? Current assets $ 21,000 Net income Current liabilities 12.000 Stockholders' equity Average assets 132.000 Total liabilities Total assets 90.000 Average common shares outstanding was 15,000. $ 45,000 63.000 27,000 1) 0.78:1 2) 3.33:1 3) 0.57 : 1 4751 :00 Time Left:0:32:35 LIUI Vvulueyesus. AerHPL I Question 4 (1 point) Use the following data to determine the total dollar amount of assets to...
Current Attempt in Progress Using the following balance sheet and income statement data, what is the...
Current Attempt in Progress Using the following balance sheet and income statement data, what is the total amount of working capital? $32600 16300 Current assets Current liabilities Average assets Total assets Net income Stockholders' equity Total liabilities $42800 79600 42800 163200 122400 Average common shares outstanding was 15300. O $10200 O $32600 O $16300 O $8100 Current Attempt in Progress Using the following balance sheet and income statement data, what is the current ratio? Current assets Current liabilities Average assets...
Using the following balance sheet and income statement data, what is the earnings per share? Current...
Using the following balance sheet and income statement data, what is the earnings per share? Current assets $33000 Net income $41300 Current liabilities 13000 Stockholders' equity 79800 Average assets 162100 Total liabilities 4 1600 Total assets 112000 Average common shares outstanding was 14000. O $0.34 O $8.00 O $5.70 O $2.95
Using the following balance sheet and income statement data, what is the current ratio? Current assets S 42,000 Net income Current liabilities 21,000 Stockholders' equity Average assets 264,000 Total liabilities Total assets 180,000 Average common shares outstanding was 30,000 a.2.00:1 $ 90,000 126,000 54,000 b. 1.75: 1 c. 0.78:1 d. 0.57:1 e. None of the above.
acct hw help
QUESTION 30 At December 1, 2014, Orear Company's Accounts Receivable balance was $4,500. During December, Orear had credit sales of $20,000 and collected accounts receivable of $14,000. At December 31, 2014, the Accounts Receivable balance is $10,500 debit $4,500 debit $24,500 debit $9,500 credit QUESTION 31 Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $ 14,000 Net Income $ 21,000 Current liabilities 8.000 Stockholders' equity 60,000 Total...
need help with this
Using the following balance sheet and income statement data, what is the current ratio? $32500 $41200 Current assets Current liabilities 14000 Net income Stockholders' equity Total liabilities 75400 Average assets Total assets 43400 160700 118800 Average common shares outstanding was 14200. O 0.4:1 O 2.9:1 O 2.3:1 O 2.8:1
Current Attempt in Progress Using the following balance sheet and income statement data, what is the current ratio? Current assets $38500 Net income $43300 Current liabilities 14800 Stockholders equity 79800 Average assets 157700 Total liabilities 41500 Total assets 130000 Average common shares outstanding was 15600. O 2.6:1 2.7:1 O 3.0:1 O 0.4:1
Question 3 (1 point) Using the following balance sheet and income statement data, what is the current ratio? Current assets $ 21,000 Net income Current liabilities 12.000 Stockholders' equity Average assets 132.000 Total liabilities Total assets 90.000 Average common shares outstanding was 15,000. $ 45,000 63.000 27,000 1) 0.78:1 2) 3.33:1 3) 0.57 : 1 4751 :00 Time Left:0:32:35 LIUI Vvulueyesus. AerHPL I Question 4 (1 point) Use the following data to determine the total dollar amount of assets to...
Current Attempt in Progress Using the following balance sheet and income statement data, what is the total amount of working capital? $32600 16300 Current assets Current liabilities Average assets Total assets Net income Stockholders' equity Total liabilities $42800 79600 42800 163200 122400 Average common shares outstanding was 15300. O $10200 O $32600 O $16300 O $8100 Current Attempt in Progress Using the following balance sheet and income statement data, what is the current ratio? Current assets Current liabilities Average assets...
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