Question
Consider the following partial balance sheet for Microsoft Corporation as of December 31, 2023: Account Amount Cash $150,000 Accounts Receivable $200,000 Inventory $100,000 Property, Plant
Consider the following partial balance sheet for Microsoft Corporation as of December 31, 2023:
Account | Amount |
Cash | $150,000 |
Accounts Receivable | $200,000 |
Inventory | $100,000 |
Property, Plant & Equipment | $500,000 |
Accounts Payable | $100,000 |
Long-term Debt | $200,000 |
Shareholders’ Equity | $650,000 |
Calculate the current ratio and debt-to-equity ratio for Microsoft Corporation as of December 31, 2023.Â
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
