Question
Assets Amount (USD) Liabilities and Equity Amount (USD) Cash $125,000 Accounts Payable $40,000 Accounts Receivable $80,000 Notes Payable $35,000 Inventory $90,000 Long-term Debt $120,000 Property
Assets | Amount (USD) | Liabilities and Equity | Amount (USD) |
Cash | $125,000 | Accounts Payable | $40,000 |
Accounts Receivable | $80,000 | Notes Payable | $35,000 |
Inventory | $90,000 | Long-term Debt | $120,000 |
Property | $200,000 | Shareholders' Equity | $300,000 |
Determine the debt-to-equity ratio for the company based on the provided balance sheet.
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Horngrens Cost Accounting A Managerial Emphasis
Authors: Srikant M. Datar, Madhav V. Rajan
17th Edition
0135628474, 9780135628478
