Question
Johnson owns a farm business. The business has $10,000 in cash and $80,000 in other assets. The total liability for the business is $65,000. 1.
Johnson owns a farm business. The business has $10,000 in cash and $80,000 in other assets. The total liability for the business is $65,000. 1. What is Johnson's net worth (owner's equity)? 2. What is Johnson's current ratio? 3. What is Johnson's equity to asset ratio? 4. What is Johnson's debt to asset ratio?
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Management Control Systems Performance Measurement Evaluation And Incentives
Authors: Kenneth Merchant, Wim Van Der Stede
4th Edition
1292110554, 978-1292110554
