Question
Cash 150 Accounts receivable 80 inventory 75 fixed assets 400 accumulated depreciation 40 accounts payable 80 short term notes payable 90 long term debt 150
Cash 150
Accounts receivable 80
inventory 75
fixed assets 400
accumulated depreciation 40
accounts payable 80
short term notes payable 90
long term debt 150
equity 260
accumulated earnings 85
1. what is the amount of current assets?
2. what is the amount of long term or net fixed assets?
3. what is the amount of total assets?
4. what is the amount of current liabilities?
5. what is the amount of net working capital?
6. what is the total liabilities?
7. what is the amount of total shareholder's equity?
8. what is the debt ratio?
9. what is the equity multiplier?
please provide details and explanations of each questions.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started