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The accounting records of Router Wireless include the following as of December 31, 2016: (Click the icon to view the accounting records.) Requirements 1. 2.
The accounting records of Router Wireless include the following as of December 31, 2016: (Click the icon to view the accounting records.) Requirements 1. 2. Report these liabilities on the Router Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities. Compute Router Wireless's debt to equity ratio at December 31, 2016. Requirement 1. Report these liabilities on the Router Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities. Router Wireless Balance Sheet (Partial) December 31, 2016 Plus Total Liabilities Requirement 2. Compute Router Wireless's debt to equity ratio at December 31, 2016. (Round the debt to equity ratio to two decimal places, XXX.) Debt to equity ratio Data table Accounts Payable 75,000 Salaries Payable $ 7,000 Mortgages Payable (long-term) 78,000 Bonds Payable (current portion) 24,000 Interest Payable Bonds Payable (long-term) Total Stockholders' Equity 175,000 22,000 Premium on Bonds Payable 13,000 64,000 Unearned Revenue (short-term) 3,000 Print Done
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