Question
can you solve the investor, creditors and earnings percentages with these numbers?( Rounded to 1 decimal place) [The following information applies to the questions displayed
can you solve the investor, creditors and earnings percentages with these numbers?( Rounded to 1 decimal place) [The following information applies to the questions displayed below.] Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: Acquired $30,000 cash from the issue of common stock. Borrowed $40,000 cash from National Bank. Earned cash revenues of $48,000 for performing services. Paid cash expenses of $25,000. Paid a $1,000 cash dividend to the stockholders. Acquired an additional $20,000 cash from the issue of common stock. Paid $10,000 cash to reduce the principal balance of the bank note. Paid $53,000 cash to purchase land. Determined that the market value of the land is $75,000
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