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Alpha Company provided the following balance sheet for Year 2: Assets $3,600 5,750 10,150 1,200 28,000 20,000 $68,700 Cash Accounts receivable Inventory Prepaid expenses Plant
Alpha Company provided the following balance sheet for Year 2: Assets $3,600 5,750 10,150 1,200 28,000 20,000 $68,700 Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation Land Total aeeets Liabilities and stockholders Equity s2,500 3,500 10,000 14,000 34,700 $68,700 Accounts payable Salaries payable Bonds payable (due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders equity What is the company's plant assets to long-term liabilities ratio? Multiple Chaice 1.40 2.80 3.40 None of these answers is correct
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