Homework Answers
Answer :- Calculation of Debt and Equity Ratios :-
1. Debt Ratio = Total Liabilities / Total Assets
Current year = $236,626 / $531,589 = 44.51%
1 Year Ago = $180,460 / $458,266 = 39.38%
2. Equity Ratio = Total Equity / Total Assets
Current Year = $294,963 / $531,589 = 55.48%
1 Year Ago = $277,806 / $458,266 = 60.62%
If you have any query ask in comment section. If you like the answer plz rate. Thanks
Add Answer to:
Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net...
Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net...
Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,953 89,200 110,500 10,290 310.679 $552,622 $ 37,350 $ 39, 303 62,900 51.900 84,000 55,000 9.804 4.367 282,344 254,530 $ 476,398 $ 405,100 $134,851 $ 78,901 $ 52,404 101,815...
Current 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise...
Current 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,600 $ 34,500 $ 37,800 88,900 62,600 51,400 79,691 82,400 51,400 9.875 10.393 3.666 314,934 300, 107 185, 734 $525,000 $490,000 $330,000 $126,803 $ 80,326 $ 42,689 99,687 109,319 73,659...
Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Ca...
Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 28,446 $ 32,579 $ 36,403 Accounts receivable, net 84,111 58,189 47,124 Merchandise inventory 103,659 76,892 51,708 Prepaid expenses 9,253 8,640 3,927 Plant assets, net 261,536 243,532 217,838 Total assets $ 487,005 $ 419,832 $ 357,000 Liabilities and Equity Accounts payable $ 123,690 $ 70,952 $ 47,124 Long-term notes payable secured by mortgages on plant assets 92,473 97,527 80,475 Common stock,...
Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs...
Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 34,945 $ 43,374 $ 44,312 Accounts receivable, net 104,412 72,956 58,492 Merchandise inventory 132,591 98,354 63,559 Prepaid expenses 11,369 11,386 4,874 Plant assets, net 327,281 300,308 276,363 Total assets $ 610,598 $ 526,378 $ 447,600 Liabilities and Equity Accounts payable $ 155,080 $ 90,737 $ 57,902 Long-term notes payable secured by mortgages on plant assets 114,792 119,856 98,920 Common stock,...
Current Yr 1 Yr Ago 2 Yrs Ago At December Assets Cash Accounts receivable, net Merchandise...
Current Yr 1 Yr Ago 2 Yrs Ago At December Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 28, 342 84,634 106,411 9,127 256,217 $ 485,231 32,795 $ 34,158 59,148 48,361 78,160 51,014 8,697 3,795 239,503 218,372 $ 418,303 $ 355,700 $ 119,614 $ 72,197 $ 45,544 89,...
Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs...
Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 32,294 $ 38,893 $ 38,527 Accounts receivable, net 93,598 67,395 53,488 Merchandise inventory 117,682 87,294 55,831 Prepaid expenses 10,295 10,009 4,369 Plant assets, net 299,017 273,035 248,985 Total assets $ 552,886 $ 476,626 $ 401,200 Liabilities and Equity Accounts payable $ 136,292 $ 78,133 $ 51,899 Long-term notes payable secured by mortgages on plant assets 100,824 107,432 87,779 Common stock,...
Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net...
Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,600 $ 34,700 $ 36,200 88,800 62,200 56,300 48,013 82,700 54,300 10,044 9,301 3,889 366,543 241,099 199,311 $545,000 $430,000 $ 350,000 $134,348 $ 72,670 $ 45,276 101,435 98,900 75,029...
Simon Company's year-end balance sheets follow Current Yr 1 Yr Ago 2 Yrs Ago At December...
Simon Company's year-end balance sheets follow Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 28,893 88,920 108,544 9,496 269,002 $504,855 $ 34,469 $ 36,646 59,712 49,355 82,931 52,032 9,140 4,072 248,968 231,795 $ 435,220 $ 373,900 $124,452...
Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net...
Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 34, 119 89,500 113,000 10,987 319,336 $566,942 $ 39,881 $ 40,321 6 2,800 50, 100 82,000 51,000 10,469 4,480 293,593 253, 399 $ 488,743 $ 399,300 $143,992 $ 84,250...
Simon Company's year-end balance sheets follow. Current yr 1 Yr Ago 2 Yrs Ago At December...
Simon Company's year-end balance sheets follow. Current yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 36,073 104,549 135,475 11,498 336,283 $623,878 $ 42,166 $ 43,066 74,543 58,001 100,493 62,395 11,068 4,833 309,556 271,105 $ 537,826 $ 439,400 $150,685...
Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,953 89,200 110,500 10,290 310.679 $552,622 $ 37,350 $ 39, 303 62,900 51.900 84,000 55,000 9.804 4.367 282,344 254,530 $ 476,398 $ 405,100 $134,851 $ 78,901 $ 52,404 101,815...
Current 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,600 $ 34,500 $ 37,800 88,900 62,600 51,400 79,691 82,400 51,400 9.875 10.393 3.666 314,934 300, 107 185, 734 $525,000 $490,000 $330,000 $126,803 $ 80,326 $ 42,689 99,687 109,319 73,659...
Current Yr 1 Yr Ago 2 Yrs Ago At December Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 28, 342 84,634 106,411 9,127 256,217 $ 485,231 32,795 $ 34,158 59,148 48,361 78,160 51,014 8,697 3,795 239,503 218,372 $ 418,303 $ 355,700 $ 119,614 $ 72,197 $ 45,544 89,...
Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,600 $ 34,700 $ 36,200 88,800 62,200 56,300 48,013 82,700 54,300 10,044 9,301 3,889 366,543 241,099 199,311 $545,000 $430,000 $ 350,000 $134,348 $ 72,670 $ 45,276 101,435 98,900 75,029...
Simon Company's year-end balance sheets follow Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 28,893 88,920 108,544 9,496 269,002 $504,855 $ 34,469 $ 36,646 59,712 49,355 82,931 52,032 9,140 4,072 248,968 231,795 $ 435,220 $ 373,900 $124,452...
Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 34, 119 89,500 113,000 10,987 319,336 $566,942 $ 39,881 $ 40,321 6 2,800 50, 100 82,000 51,000 10,469 4,480 293,593 253, 399 $ 488,743 $ 399,300 $143,992 $ 84,250...
Simon Company's year-end balance sheets follow. Current yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 36,073 104,549 135,475 11,498 336,283 $623,878 $ 42,166 $ 43,066 74,543 58,001 100,493 62,395 11,068 4,833 309,556 271,105 $ 537,826 $ 439,400 $150,685...
Most questions answered within 3 hours.
-
The formation factor of a rock sample is 50. Calculate the
porosity if the sample is;...
asked 7 minutes ago -
Suppose that at a large university 30% of students are involved
in intramural sports. If we...
asked 5 minutes ago -
Answer items 7 and 8 from the following information:
The mean for VO2max is 50 ml/kg/min...
asked 5 minutes ago -
If the anion in an insoluble salt is a conjugate base of a weak
acid, will...
asked 12 minutes ago -
2. The East Street Bagel Shop has a weekly demand for 3,500
bagels, which they make...
asked 28 minutes ago -
The purpose of this study was to
assess the vitamin D status of pregnant women residing...
asked 30 minutes ago -
Please answer each question in 150 words, from the eyes of
someone in the hospitality/hotel field...
asked 35 minutes ago -
A simple random sample of 35 colleges and universities in the
United States has a mean...
asked 36 minutes ago -
Calculate the pH of a 0.401 M solution of NH4Br
(Kb of NH3 = 1.8 x...
asked 39 minutes ago -
CODE MUST BE IN C
1. Given an int variable n that has been initialized to...
asked 1 hour ago -
Part 1)
For the reaction:
2H2O(g) ⇌ 2H2(g) +
O2(g)
KC = 2.40 x 10-3 at...
asked 1 hour ago -
Draw the Lewis structure for the molecule ethyne, C2H2, also
depicted here:
asked 58 minutes ago