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Hw0#10: BALANCE SHEET REPORTING OF LONG-TERM LIABILITIES: The adjusted trial balance for Helton Corporation at December 31, 2017 contained the following accounts: 10 POINTS DEBITS
Hw0#10: BALANCE SHEET REPORTING OF LONG-TERM LIABILITIES: The adjusted trial balance for Helton Corporation at December 31, 2017 contained the following accounts: 10 POINTS DEBITS CREDITS $200,000 980,00 Current Assets Long- Term Assets Bonds payable, 10% Interest payable Discount on bonds payable Notes payable, 9%, due 2021 Accounts payable $500,000 20,000 30.0001 70,000 120,000 Instructions (a) What is the total of all current liabilities? $ (b) What is the total of all long-term liabilities? (c) What is the total of all liabilities? $ (d) What is the Debt to Assets Ratio? (e) Using the accounting equation, what is the Debt to Stockholders' Equity Ratio? Round to 3 decimals. Round to 3 decimals. CHAPTER 10 IN-CLASS EXERCISES AND HOMEWORK DUE NOVEMBER 15 BEGINNING OF CLASS Page S
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