Question
The following account balance information is available as of December 31, 20X4 for XYZ Co.: Cash...$500,000 Accounts receivable$2,500,000 Marketable securities..$1,000,000 Prepaid insurance...$250,000 Equipment (net)...$7,750,000 Current
The following account balance information is available as of December 31, 20X4 for XYZ Co.:
Cash...$500,000
Accounts receivable$2,500,000
Marketable securities..$1,000,000
Prepaid insurance...$250,000
Equipment (net)...$7,750,000
Current liabilities (total)..$1,100,000
Long-term liabilities (total).$5,000,000
Common stock.....$4,800,000
Retained earnings$1,100,000
What is XYZ Co.s debt ratio?
| a. | 67.5%
| |
| b. |
103.4% | |
| c. |
50.8% | |
| d. | 84.7% |
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Financial Accounting For Decision Makers
Authors: DeFond, Mark
3rd Edition
1618534432, 9781618534439
