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Assets Liabilities and Equity Cash 14,000 Accounts payable 16,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 4,000 Current liabilities 22,000 Inventory 44,000 Long-term
Assets Liabilities and Equity Cash 14,000 Accounts payable 16,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 4,000 Current liabilities 22,000 Inventory 44,000 Long-term debt 95,000 Current assets 64,000 Total liabilities 117,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 41,000 Net fixed assets 114,000 Equity 61,000 Total assets 178,000 Total liab. & equity 178,000 Line item Value Sales 85,000 - Costs 69,700 - Depreciation 2,000 = EBIT 13,300 - Interest 800 = Taxable income 12,500 Taxes 4,125 = Net income 8,375 Part 1 What is the total debt to total capital ratio? Attempt 1/3 for 10 pts. 3+ decimals Submit
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