Question
Calculate debt and equity ratios using the following information- Accounts payable- $10,000 Accounts Receivable- $15,000 Buildings- $42,000 Cash- $4,000 Current Notes payable- $7,000 Office supplies
Calculate debt and equity ratios using the following information-
Accounts payable- $10,000
Accounts Receivable- $15,000
Buildings- $42,000
Cash- $4,000
Current Notes payable- $7,000
Office supplies $3,000
Long term notes payable- $40,000
Prepaid insurance- $2,000
Unearned revenue liability- $1,000
Wages payable- $3,000
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Debt and Equity Ratios Calculation Based on the information provided heres the calculation of the de...
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
