Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the Debt to Equity ratio (provide answer with two significant digits) Assets Current Assets Cash & Securities $1,007,344.85 Accounts Receivables $2,239,042.83 Retainage $662,896.65 Inventory

image text in transcribed

Calculate the Debt to Equity ratio (provide answer with two significant digits) Assets Current Assets Cash & Securities $1,007,344.85 Accounts Receivables $2,239,042.83 Retainage $662,896.65 Inventory $41,243.58 Earnings in Excess of Billings $148,976.93 Prepaid Expense $44,995,40 Other Current Assets $90,788.40 Fixed Assets Property $1,280,216.57 Construction Equipment $1,827,165 Vehicles $273,436 Office Equipment $35,300 Accumulated Depreciation $-1,717,392 Other Fixed Assets $74,379 Liabilities Current Liabilities Notes Payables $125,428 Accounts Payables $1,121,393 Retainage (Subcontracts) $193,674 Billings in Excess of Earnings $538,635 Income Taxes Payables $40.553 Other Current Liabilities $36,673 Fixed Liabilities Mortgages $327,512 Equipment/Vehicle Financing $512,513 Other Fixed Liabilities $119,423 Owners Equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Finance Principles And Practice

Authors: Denzil Watson, Tony Head

1st Edition

0273630083, 978-0273630081

More Books

Students also viewed these Finance questions

Question

Identify the human resource management functions.

Answered: 1 week ago

Question

Describe who performs human resource management activities.

Answered: 1 week ago