Question
1) A firm has total debt of $1,350 and a debtequity ratio of .20. What is the value of the total assets? 2) Prepare a
1) A firm has total debt of $1,350 and a debtequity ratio of .20. What is the value of the total assets?
2) Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $370,000; Patents and copyrights = $650,000; Accounts payable = $420,000; Accounts receivable = $129,000; Tangible net fixed assets = $3,900,000; Inventory = $295,000; Notes payable = $190,000; Accumulated retained earnings = $1,235,000; Long-term debt = $1,830,000. What is the common stock account balance for the company?
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Analysis for Financial Management
Authors: Robert c. Higgins
8th edition
73041807, 73041803, 978-0073041803
