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43) A firm provided the following list of liability balances at year-end: Accounts Payable $13,000 Employee Health Insurance Payable 1,050 Employee Income Tax Payable 800
43) A firm provided the following list of liability balances at year-end: Accounts Payable $13,000 Employee Health Insurance Payable 1,050 Employee Income Tax Payable 800 Estimated Warranty Payable (Due 2026) 1,000 Long-Term Notes Payable (Due 2028) 39,000 FICA-OASDI Taxes Payable 1,260 Sales Tax Payable 370 Mortgage Payable (Due 2029) 8,000 Bonds Payable (Due 2030) 53,000 Current Portion of Long-Term Notes Payable What is the total amount of long-term liabilities? 10,500 A) $47,000 B) $100,000 C) $92,000 D) $39,000 44) The debt-to-equity ratios of four firms are given below: Lewis, Inc. 1.30 Jackson, Inc. 1.50 Jones Corp. 0.88 Roberts Corp. 0.92 Which of these firms has the greatest financial risk? A) Lewis, Inc. B) Jackson, Inc. C) Jones Corp. D) Roberts Corp. 45) Taylor Company provided the following account balances at year-end: Total Assets . Total Current Liabilities $420,000 $ 73,000 Total Long-term Liabilities $ 50,000 Calculate the debt-to-equity ratio. (Round your answer to two decimal places.) A) 0.29 B) 0.25 C) 0.17 D) 0.41
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