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Given the following Year 9 selected balance sheet data: Assets Cash on Hand $126,000 Total Current Assets 245,000 Total Fixed Asset Investments 240,000 Total Assets
Given the following Year 9 selected balance sheet data:
Assets | |||
Cash on Hand | $126,000 | ||
Total Current Assets | 245,000 | ||
Total Fixed Asset Investments | 240,000 | ||
Total Assets | $485,000 | ||
Liabilities and Shareholder Equity | |||
Accounts Payable | $ 66,000 | ||
Overdraft Loan Payable | 0 | ||
1-Year Bank Loan Payable | 0 | ||
Current Portion of Long-Term Loans | 17,000 | ||
Total Current Liabilities | 83,000 | ||
Long-Term Bank Loans | 66,000 | ||
Total Liabilities | 149,000 | ||
Shareholder Equity: | Year 8 Balance | Year 9 Change | |
Common Stock (at a par value of $0.50 per share | 10,050 | 0 | 10,050 |
Additional Capital | 81,500 | 0 | 81,500 |
Retained Earnings | 162,450 | 82,000 | 244,450 |
Total Shareholder Equity | 254,000 | +82,000 | 336,000 |
Total Liabilities and Shareholder Equity | $485,000 | ||
Based on the above figures and the definition of the debt:equity percentages (or debt%:equity%) presented in the Help section for p. 5 of the Camera and Drone Journal, the company's debt:equity percentages (rounded to the nearest whole percentage--like 35% or 65%) and its current ratio are
29:71 (or 29%:71%) and 2.48.
31:69 (or 31%:69%) and 2.95.
38:62 (or 38%:62%) and 3.12.
26:74 (or 26%:74%) and 2.74.
31:69 (or 31%:69%) and 1.64.
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