Problem

Following is the Balance Sheet in $ for the GTO Hotel:Cash250,000Accounts Payable175,000Ac...

Following is the Balance Sheet in $ for the GTO Hotel:

Cash

250,000

Accounts Payable

175,000

Accounts Receivable

125,000

Wages Payable

145,000

Inventory

235,000

Taxes Payable

80,000

Total Current Assets

610,000

Total Current Liabilities

400,000

Equipment

190,000

Bank Loan

500,000

Property

 

1,250,000

 

Total Long-Term

 

 

 

Assets

2,050,000

Total Liabilities

900,000

 

 

Paid-in Capital

1,000,000

 

 

Total Owner Equity

1,760,000

Total Assets

2,660,000

Total Liabilities and Owner Equity

2,660,000

Answer the following:

____What is the working capital amount?


____What is the total capitalization amount?


____What is the liabilities capitalization percent?


____What is the Owner Equity capitalization percent?

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Solutions For Problems in Chapter 5