Question
2017 2018 2019 Cash and marketable 10,000 10,000 5,000 Receivables 60,000 75,000 105,000 Inventory 70,000 95,000 140,000 Total Current assets 140,000 180,000 250,000 Gross plant
2017 2018 2019
Cash and marketable 10,000 10,000 5,000
Receivables 60,000 75,000 105,000
Inventory 70,000 95,000 140,000
Total Current assets 140,000 180,000 250,000
Gross plant & equip 205,000 205,000 255,000
Less: accumulated depr. 28,000 42,000 59,000
Net plant & equip 177,000 163,000 196,000
Total Assets 317,000 343,000 446,000
Liabilities & equity Payables 47,000 57,000 84,000
Short term loan 40,000 44,000 110,000
Accrued liabilities 8,000 9,000 10,000
Total Current liabilities 95,000 110,000 204,000
Long Term Debt 100,000 90,000 80,000
Owners equity 122,000 143,000 162,000
Total Liabilities and equity 317,000 343,000 446,000
Whats is the current ratio using 2019 and 2018
what is the total debt to total assets % for 2019
answer format 00.00%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Selected Chapters From Managerial Accounting Creating Value In A Dynamic Business Environment
Authors: Ronald W. Hilton
Edition
0073043346, 978-0073043340
