Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Malikhain Company Adjusted Trial Balance (In 000's) December 31, 2019 Cash on hand Accounts receivable, net Merchandise Inventory Supplies Prepaid Rent Equipment Accumulated Depreciation -
Malikhain Company Adjusted Trial Balance (In 000's) December 31, 2019 Cash on hand Accounts receivable, net Merchandise Inventory Supplies Prepaid Rent Equipment Accumulated Depreciation - Equipment Furniture and Fixtures Accumulated Depreciation - F&F Accounts Payable Accrued Payable Loans Payable Ms. Malikhain, Capital Me. Malikhain, Drawing Sales Cost of Goods Sold Freight out Salaries expense Rent expense Utilities expense Depreciation expense Ead depts expense Debit 620 380 840 30 45 590 280 80 885 120 245 55 25 7.825 Credit 80 75 480 60 710 1,320 5,100 7.825 1. What is the Asset Turn over in times? W 2. What is the equivalent number of days of Asset Turn - over? 3. What is the debt ratio? What is the equity ratio
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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