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A corporation reports the following year-end balance sheet data. The company's equity ratio equals: $75,000 35,000 100,000 90,000 $40,000 Current liabilities Cash Accounts receivable Inventory
A corporation reports the following year-end balance sheet data. The company's equity ratio equals: $75,000 35,000 100,000 90,000 $40,000 Current liabilities Cash Accounts receivable Inventory Equipment Total assets 55,000 Long-term liabilities 60,000 Common stock 145,000 Retained earnings Total liabilities and $300,000 equity O 0.37 O 1.27 O 2.07 0.63
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