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Assuming that long-term investments totaled $1,297,000 throughout the year and that total assets were $2,464,000 at the beginning of the current fiscal year, determine the
Assuming that long-term investments totaled $1,297,000 throughout the year and that total assets were $2,464,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place.
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Book Six Measures of Solvency or Profitability The following data were taken from the financial statements of Olvideo Enterprises Inc. for the current fiscal year The following data were taken from the financial statements of Olvideo Enterprises inc. for the current fiscal year. $1,359 600 Property, plant, and equipment (net) Liabilities: $123,000 Current liabilities Mortgage note payable, 8%, issued 2003, due 2019 Total liabilities 618,000 $741,000 Stockholders equity: Preferred $2 stock, $100 par (no change during year) $555,750 555 750 Common stock, $10 par (no chiange during year) no Retained earnings $592,000 Balance, beginning of yeat Net income Preferred dividends Common dividends Balance, end of year 000 821,000 1L,115 68.885 80.0oo 229.000 6821 00 741.000 1.852,500 7.760 025 Total stockholders equity Net sales interest experis Assurning tht long-term investments tolaled s1.297 000 throughout the yeat Ausurning that lung- tolaed 27.0odt ttl were $2, 181.000 at the re 52, 461 600 st theStep by Step Solution
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