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The Ronnie Lee Company reported the following: Accounts payable $2,400 Inventory '900 Cash 1,300 Long-term debt 8,500 Equipment 12,600 What is its debt to
The Ronnie Lee Company reported the following: Accounts payable $2,400 Inventory '900 Cash 1,300 Long-term debt 8,500 Equipment 12,600 What is its debt to assets ratio? Convert your final answer to a percentage, round to one decimal place and enter without the "%" sign (e.g. a final answer of 0.105678 would be entered as 10.6). Generally speaking, for which of the following financial statement analysis calculations is a lower result considered favorable? O Gross profit percentage O Times interest earned ratio O Horizontal analysis for a change in expenses O Current ratio The Currie Company started operations this month and had the following transactions: 1 Owners invested $10,000 to start company 1 Purchased a six month insurance policy for $600 12 Purchased $400 of supplies 20 Customers paid for $600 of services in advance. 25 Completed $1,200 of services for another customer. 30 Paid $4,200 in employee payroll. At the end of the month, $180 of supplies were on still hand. What amount of total assets does the company have at the end of the month?
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