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Capstone analytical review of Chapters 2-4. Calculate liquidity and profitability measures and explain various financial statement relationships for a realty firm DeBauge Realtors, Inc., is
Capstone analytical review of Chapters 2-4. Calculate liquidity and profitability measures and explain various financial statement relationships for a realty firm DeBauge Realtors, Inc., is a realty firm owned by Jeff and Kristi DeBauge. The DeBauge family owns 100% of the corporation's stock. The following summarized data (in thousands) are taken from the December 31, 2016, financial statements For the Year Ended December 31, 2016: Advertising expense . 84 $165 15 48 At December 31, 2016: Assets $ 90 120 275 $585 Accounts receivable, net.._ . . . _. .. Liabilities and Stockholders' Equity $270 15 150 60 90 $585 Notes payable (ong term). .. Total liabilities and stockholders' equity . .. ___... At December 31, 2015, total assets were $615 and total stockholders' equity was $150. There were no changes in notes payable or paid-in capital during 2016
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