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1. Johnston & Myers Inc. had the following balance sheet data for a recent year: Current assets $720,000 Property, plant, and equipment (net) Current liabilities
1. Johnston & Myers Inc. had the following balance sheet data for a recent year: Current assets $720,000 Property, plant, and equipment (net) Current liabilities 1,110,000 230,000 Long-term liabilities 450,000 Common stock, $10 par 250,000 Retained earnings 1,000,000 What is Johnston & Myers Inc.'s ratio of fixed assets to long-term liabilities? a. 0.9 b. 2.1 C. 4.1 d. 2.5
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For Mowen/hansen/heitgers Cornerstones Of Managerial Accounting, 6th Edition, [instant Access]
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
6th Edition
1305280768, 9781305280762
