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The following asset and liability accounts are shown on Mason Stores December 31, 2010, balance sheet: Accounts Receivable $ 80,000 Current Portion of Long-Term Debt
The following asset and liability accounts are shown on Mason Stores December 31, 2010, balance sheet: Accounts Receivable $ 80,000 Current Portion of Long-Term Debt 30,000 Cash 35,000 Accounts Payable 6,000 Allowance for Uncollectible Accounts 3,000 Equipment 28,000 Accumulated Depreciation - Equipment 6,000 Intangible Assets 20,000 Unearned Rent 10,000 Inventory 19,000 Bonds Payable (Long-Term) 20,000 What is Mason's debt to total assets ratio at December 31, 2010? 50.4% 38.2% 30.6% 26.6% 34.6%
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