Question
Sandhill Company has the following account balances: Cash, $42100; Accounts Receivable, $30100; Inventory, $14100; Land, $112100; Building, $102100; Accounts Payable, $32100; Short-term Notes Payable, $12100;
Sandhill Company has the following account balances: Cash, $42100; Accounts Receivable, $30100; Inventory, $14100; Land, $112100; Building, $102100; Accounts Payable, $32100; Short-term Notes Payable, $12100; Bonds Payable, $82010; Sandhill, Capital, $172100; Sales, $122100; Salaries Expense, $42100; Utilities Expense, $17100; and Interest Expense, $7100. The debt-to-assets ratio for Sandhill Company is
34.57%
42.00%
73.34%
238.00%
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Accounting What The Numbers Mean
Authors: David H. Marshall, Wayne William Mcmanus, Daniel Marshall Viele, Mcmanus Marshall, Daniel F. Viele
10th Edition
1259060705, 978-1259060700
