Question
The following data were taken fro Mesa company's balance sheet: Dec.31, 2019 Dec.31, 2018 Total liabilities $547,800. $518,000 Total owner's equity 415,000 370,000 a. Compare
The following data were taken fro Mesa company's balance sheet: Dec.31, 2019 Dec.31, 2018 Total liabilities $547,800. $518,000 Total owner's equity 415,000 370,000 a. Compare the ratio of liabilities to owners equity. b. Has the creditors risk increased or decreased from December 31, 2018 to December 31, 2019?
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Principles Of Financial Accounting (Chapters 1-17)
Authors: John Wild
25th Edition
1260780147, 9781260780147
