Question
Mizu Company prepared the following balance sheet: Mizu Company Balance Sheet December 31, 20X3 Current Assets: Current Liabilities: Cash $ 6,000 Accounts Payable $ 3,000
Mizu Company prepared the following balance sheet:
Mizu Company
Balance Sheet
December 31, 20X3
Current Assets: Current Liabilities:
Cash $ 6,000 Accounts Payable $ 3,000
Accounts Receivable 4,000 Wages Payable 2,000
Inventory 14,000 Total Current Liabilities $ 5,000
Total Current Assets 24,000 Long-term Bond Payable 24,000
Total Liabilities $29,000
Long-term Assets: Stockholders' Equity:
Fixed Assets $60,000 Common Stock $ 12,000
Accumulated Depr. (17,000) Retained Earnings 26,000
Net Fixed Assets 43,000 Total Stockholders' Equity 38,000
Total Assets $67,000 Total Liabilities &
Stockholders' Equity $67,000
What is the long-term-debt-to-total-capital ratio for Mizu Company at December 31, 20X3?
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