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Explain how to calculate the following. Particularly, I am confused on how to find total debt - is it the same as total liabilities? EXHIBITS:
Explain how to calculate the following. Particularly, I am confused on how to find total debt - is it the same as total liabilities?
EXHIBITS: INPUT DATA (for D'Leon) Table IC4.1 Balance Sheets Assets Cash Accounts receivable Inventories Total current assets Gross fixed assets Less: accumulated depreciation Net fixed assets Total assets Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Common stock ( 100,000 shares) Retained earnings Total common equity Total liabilities and equity \begin{tabular}{|c|c|c|c|c|c|} \hline & 2022E & & 2021 & & 2020 \\ \hline \multirow[t]{3}{*}{$} & 85,632 & $ & 7,282 & $ & 57,600 \\ \hline & 878,000 & & 632,160 & & 351,200 \\ \hline & 1,716,480 & & 1,287,360 & & 715,200 \\ \hline \multirow[t]{3}{*}{$} & 2,680,112 & $ & 1,926,802 & $ & 1,124,000 \\ \hline & 1,197,160 & & 1,202,950 & & 491,000 \\ \hline & 380,120 & & 263,160 & & 146,200 \\ \hline$ & 817,040 & $ & 939,790 & $ & 344,800 \\ \hline$ & 3,497,152 & $ & 2,866,592 & $ & 1,468,800 \\ \hline \multirow[t]{3}{*}{$} & 436,800 & $ & 524,160 & $ & 145,600 \\ \hline & 408,000 & & 489,600 & & 136,000 \\ \hline & 300,000 & & 636,808 & & 200,000 \\ \hline \multirow[t]{4}{*}{$} & 1,144,800 & $ & 1,650,568 & $ & 481,600 \\ \hline & 400,000 & & 723,432 & & 323,432 \\ \hline & 1,721,176 & & 460,000 & & 460,000 \\ \hline & 231,176 & & 32,592 & & 203,768 \\ \hline$ & 1,952,352 & $ & 492,592 & $ & 663,768 \\ \hline$ & 3,497,152 & $ & 2,866,592 & $ & 1,468,800 \\ \hline \end{tabular} Calculate the Long-term solvency, or financial leverage, ratios for 2022 Total debt ratio 2022 Total debt ratio 2022 = Total debt ratio 2022 = Debt-equity ratio 2022 = (TA2022TEq2022) I TA2022 Debt-equity ratio 2022 = Debt-equity ratio 2022 = Total debt 2022 TEq2022Step by Step Solution
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