4. What is Ella Company's debt ratio? a. 25.78% b. 100.00% c. 74.22% d. 137.78% e. 34.74%...
Question:
4. What is Ella Company's debt ratio?
a. 25.78%
b. 100.00%
c. 74.22%
d. 137.78%
e. 34.74%
Transcribed Image Text:
Assets Cash.... Accounts receivable...... Merchandise inventory.. Prepaid insurance. Long-term investments... Plant assets, net... Total assets...... ELLA COMPANY Balance Sheet December 31 Liabilities $ 86,000 Current liabilities....... $124,000 76,000 Long-term liabilities...... 90,000 122,000 Equity 12,000 Common stock......... 300,000 98,000 Retained earnings..... 316,000 436,000 $830,000 Total liabilities and equity.. $830,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (3 reviews)
a 124...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
When does self control begin, and how does it change as children's develop?
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
A researcher wanted to find out if there was difference between older movie goers and younger movie goers with respect to their estimates of a successful actors income. The researcher first...
-
The functions in Exercises 1128 are all one-to-one. For each function, a. Find an equation for f -1 (x), the inverse function. b. Verify that your equation is correct by showing that f( f -1 (x)) = x...
-
Fifty reds of -particle radiation is equivalent to how many reds of X-rays in terms of biological damage?
-
Novo Industri. Novo Industri A/S merged with Nordisk Gentofte in 1989. Nordisk Gentofte was Novos main European competitor. The combined company, now called Novo Nordisk, has become the leading...
-
Central Appliance Service Co., Inc., has achieved fast growth in the St. Louis area by selling service contracts on large appliances, such as washers, dryers, and refrigerators. For a fee, Central...
-
A gaseous mixture of CO, CO 2 , CH 4 , and N 2 is analyzed with a gas chromatograph (see Problem 3.26). The output appears on a strip-chart recorder, as shown here. For each of the three species, the...
-
1 1 Let F(x, y, z) = ( xx 2 + 4 2 + 2 2) 3 / 2 ( 5 , y , Z ) for ( x, y, z) = (0, 0, 0). (a.) work out V . F and simplify your result carefully, (b.) Calculate SR F . dS where SR = {(x, y, z) | x+, y...
-
What is Ella Company's equity ratio? a. $25.78 % b. $100.00 % c. $34.74 % d. $74.22 % e. $137.78 % Assets Cash....... Accounts receivable..... Merchandise inventory.. Prepaid insurance.... Long-term...
-
What is Ella Company's acid-test ratio? a. 2.39 b. 0.69 c. 1.31 d. 6.69 e. 3.88 Assets Cash ......... Accounts receivable..... Merchandise inventory.. Prepaid insurance Long-term investments.. Plant...
-
A project has the following forecasted cash flows: The estimated project beta is 1.5. The market return r m ? is 16 percent, and the risk-free rate r f ? is 7 percent. a. Estimate the opportunity...
-
Can you analyze the implications of geopolitical power shifts and alliances on global governance structures, international relations, and the balance of power in the 21st century?
-
10.1 PARTICIPATION: Function plotter This "PARTICIPATION" zyLab should be treated like a reading chapter in the other parts of the zyBook. Solutions are available to you. You are supposed to look at...
-
a research paper on how AI is used in Canadian Banking and Insurance industry. The following are the requirements of the paper: Provide examples of how AI is used in Canadian Banking industry and its...
-
What are the implications of transformational leadership on employee engagement and innovation, and how can leaders balance transformational and transactional styles for optimal organizational...
-
Precision engineering Factory consumes 5 0 , 0 0 0 units of a component per year. The ordering receiving and handling costs are Rs 3 per order while trucking costs are Rs 1 2 per order. The carrying...
-
Refer to GOMEs financial statements in Appendix A. Compute its cost of goods available for sale for the year ended December 31, 2008.
-
Huntingdon Capital Corp. is a competitor of Plazacorp and First Capital Realty. Huntingdon reported the following selected information (in millions):...
-
Ski-Doo Company manufactures, markets, and sells snowmobiles and snowmobile equipment and accessories. The average total assets for Ski-Doo is $3,000,000. In its most recent year, Ski-Doo reported...
-
Cal Consulting follows the practice that prepayments are debited to expense when paid, and unearned revenues are credited to revenue when cash is received. Given this companys accounting practices,...
-
Teamwork is important in todays business world. Successful teams schedule convenient meetings, maintain regular communications, and cooperate with and support their members. This assignment aims to...
-
The trial balance of Lax Ltd at 3 0 June 2 0 2 4 was as shown below. LAX LTD Trial Balance as at 3 0 June 2 0 2 4 Debit Credit Share capital ( ordinary shares issued at $ 2 , fully paid ) $ 2 0 0 0 0...
-
Which taxpayer is eligible for the Clean Vehicle Credit, assuming all other requirements are met, including having a modified adjusted gross income ( MAGI ) under the limit ? In April 2 0 2 3 , John...
-
! Required information [ The following information applies to the questions displayed below. ] Equipment costing $ 1 2 , 0 0 0 with a 1 0 - year useful life and an estimated $ 2 , 0 0 0 salvage value...
Study smarter with the SolutionInn App