Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 06, 2024

If assets are $1,000,000, liabilities are $600,000, and net worth is $400,000, what is the Liabilities to Fund Balance/Net Worth ratio? A.0.667 B.1.4 C.1.5 D.1.6

If assets are $1,000,000, liabilities are $600,000, and net worth is $400,000, what is the Liabilities to Fund Balance/Net Worth ratio?

A.0.667

B.1.4

C.1.5

D.1.6

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Recommended Textbook for

Accounting

Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliv

9th Edition

130898414, 9780132997379, 978-0130898418, 132997371, 978-0132569309

Students also viewed these Finance questions

Question

★★★★★

Use the McKnight Exercise Equipment data in Exercise. In Exercise, McKnight Exercise Equipment, Inc. reported the following financial statements for 2015: Prepare the companys statement of cash...

Answered: 1 week ago

Question

★★★★★

Acidity and alkalinity of soil are typically measured on the $\mathrm{pH}$ scale, which has a range from $0-14$. A pH of 7 is considered neutral, a $\mathrm{pH}$ of $0-7$ is acidic, and a...

Answered: 1 week ago

Question

★★★★★

3. Understand the implications of developing empirically-based interviewing techniques for improving the event recall of eyewitnesses.

Answered: 1 week ago

Question

★★★★★

Suppose that the SEC asserts that it has always had the statutory authority to pursue persons for insider trading regardless of whether they personally profited from the transaction. This is the only...

Answered: 1 week ago

Question

★★★★★

i want the answer with all right command please :( FL20 ITNW3101 INDIVIDUAL Term Project (20 Marks) Each Student should develop this project by using packet tracer. LOO Area 1 Ibri Router 2 Area 2...

Answered: 1 week ago

Question

★★★★★

1 Consider the function x) 2 on the interval [2, 9]. :z: The average rate of change of x) on this interval is: f(9) f (2) _ ] 9 (2) The Mean Value Theorem says that there is at least one number c in...

Answered: 1 week ago

Question

★★★★★

Skysong needs to calculate the company's expected cash receipts for the upcoming month to determine whether additional financing is needed. Typically, the company's sales consist of 40% cash sales...

Answered: 1 week ago

Question

★★★★★

The charter for ASAP - TV, Inc. authorizes the company to issue 100,000 shares of $5, no-par preferred stock and 500,000 shares of common stock with $1 par value. During its start-up phase, ASAP - TV...

Answered: 1 week ago

Question

★★★★★

Which of the following statements regarding the completed contract method is NOT true? a) The company makes different entries to recognize revenue than under percentage-of-completion method. b) The...

Answered: 1 week ago

Question

★★★★★

4. Mr. Buyer bought a car from Mr. Seller, a dealer of cars under the following terms: (1) down payment of P500,000; (ii) entire balance is to be paid on December 24, 2004; (iii) a chattel mortgage...

Answered: 1 week ago

Question

★★★★★

00:19:58 Question #15 of 25 Qu A client who is primarily concerned that inflation might erode the purchasing power of his annuity income would NOT be a good candidate for ik NR han Pleas such surrel...

Answered: 1 week ago

Question

★★★★★

What identifier must be valid and present in the Mobile Station ( MS ) in order to gain network access?

Answered: 1 week ago

Question

★★★★★

Intermediate: Under- and over-absorption of overheads and calculation of budgeted expenditure and activity A large firm of solicitors uses a job costing system to identify costs with individual...

Answered: 1 week ago

Question

★★★★★

Intermediate: Reapportionment of service department overheads and a calculation of under/over-recovery of overheads An organization has budgeted for the following production overheads for its...

Answered: 1 week ago

Question

★★★★★

Intermediate: Reapportionment of service department costs and a product cost calculation Shown below is an extract from next years budget for a company manufacturing three different products in three...

Answered: 1 week ago

Previous Question Next Question