Question
-Building $100,000 -Account Receivable $10,000 -Equipment $100,000 -Cash in bank $20,000 -Notes payable $20,000 -Retained earnings $100,000 -Long term loan $100,000 -Owners equity $10,000 1.
-Building $100,000
-Account Receivable $10,000
-Equipment $100,000
-Cash in bank $20,000
-Notes payable $20,000
-Retained earnings $100,000
-Long term loan $100,000
-Owners equity $10,000
1. Prepare a balance sheet for Company X for 31 December 2021.
2. Based on the balance sheet calculate and explain the :
a. Liability ratio
b. Asset ratio
c. Owners Equity ratio
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Big Money Thinks Small Biases Blind Spots And Smarter Investing
Authors: Joel Tillinghast
1st Edition
023117571X, 978-0231175715
