Question

{equires Respondus LockDown Browser Time Left:0:34:38 Liul Woldeyesus: Attempt 1 Question 1 (1 point) Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $ 21,000 Netcome 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) 20.5 percent 2) 30 percent 3) 33.3 percent 4) 40.9 percent

Answer 1

Question-1': Answer: 2) 30 percent Explanations 1 In order to know what percent of the total assets was financed by the debt , just simply do 'Total Liabilities' divided by "Total Assets! best to Total Liabilities x100 Assets ratio = .. Total Assets. - $27.000 x 100 $90,000 - 30 percent X 100

Question-2; Answer's.11$ 1,725,000 Explanations Amount 'in Dollars Land Ada Buildings Adair Equipment Ado Furniture Less's accumulated Depreciation . . $ 150,000 $1,200,000 $ 675,000 $ 150,000 $1450,000) $1,725,000 Total amount of property, plant. eind Equipment that will appear on the Balance sheet.

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