,
reported the following trial balance as of
September 30 commaSeptember 30,
20182018:
LOADING...
(Click the icon to view the trial balance.)Calculate the debt ratio for
John Jones comma M.D.John Jones, M.D.
Select the debt ratio formula on the first line and then calculate the ratio. (Round the percentage to the nearest whole percent.)
|
/ |
Total assets |
= |
Debt ratio |
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/ |
= |
% |
John Jones, M.D. |
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Trial Balance |
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September 30, 2018 |
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Balance |
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Account Title |
Debit |
Credit |
|
Cash |
$37,000 |
||
Accounts Receivable |
7,000 |
||
Office Supplies |
3,200 |
||
Land |
28,000 |
||
Building |
70,000 |
||
Office Equipment |
23,000 |
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Accounts Payable |
$2,100 |
||
Utilities Payable |
500 |
||
Unearned Revenue |
20,182 |
||
Notes Payable |
63,000 |
||
Common Stock |
120,000 |
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Dividends |
55,000 |
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Service Revenue |
42,468 |
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Salaries Expense |
23,700 |
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Utilities Expense |
950 |
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Advertising Expense |
400 |
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Total |
$248,250 |
$248,250 |
Debt ratio
Total liabilities | / | Total Assets | = | Debt ratio |
168200 | / | 85782 | = | 196% |
, reported the following trial balance as of September 30 commaSeptember 30, 20182018: LOADING... (Click the...
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