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Alpha Company provided the following balance sheet for Year 2 Assets $ 3,800 5,950 10,250 1,300 28,400 20,500 $%70,200 Cash Accounts receivable Inventory Prepaid expense:s
Alpha Company provided the following balance sheet for Year 2 Assets $ 3,800 5,950 10,250 1,300 28,400 20,500 $%70,200 Cash Accounts receivable Inventory Prepaid expense:s Plant and equipment, net of depreciation Land Total assets Liabilities and stockholders' Equity $ 2,600 7,400 10,500 14,500 35,200 $%70,200 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 Choice 1.38 2.70 3.29 None of these answers is correct
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