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please i need help as soon as possible Question 33 7 pts Emily Company has the following financial statements. Assume there were 13,000 shares of
please i need help as soon as possible
Question 33 7 pts Emily Company has the following financial statements. Assume there were 13,000 shares of common stock outstanding in both years and that the market value of the common stock equaled the amount reflected on the balance sheet. What is the Debt to Equity Ratio for 20XO? Emily Company Balance Sheet As of December 31, 20X0 and 20X1 20X0 Assets 20X1 Current Assets Cash $4,000 $7.100 Accounts Receivable 9,200 7.200 Inventories 7,700 5.000 Total Current Assets 20,900 19,300 Operating Assets Plant, Property, and Equipment 12.900 12,700 Long-term Notes Receivable 5,700 7,400 ssets 19.300 Plant, Property, and Equipment Long-term Notes Receivable 12.900 12,700 Total Assets 5,700 7.400 Liabilities & Stockholders' Equity 39,500 39.400 Current Liabilities Accounts Payable 3,700 Other Payables 4.900 500 5,300 Total Current Liabilities 4,200 10,200 Long-term Liabilities Mortgage Note Payable 13,700 16.100 Total Liabilities 17,900 26,300 Stockholders' Equity Common Stock (no par) 7.900 7,400 Retained Earnings 13,700 5,700 Total Liabilities and Stockholders' Equity 39,500 39,400 Emily Company Income Statement For the years ended December 31, 20X0 and 20X1 Sales Revenue 20x0 Cost of Goods Sold 20X1 $27,800 (3,600) $30,800 Selling and Administrative Expenses 16,200) Tax Expense (1,700) (2,200) Net Income (4,725) (4,704) 17,775 17,696 O 0.83 02.01 1.66 03.02 O 1.37Step by Step Solution
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