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This Question: 5 pts 11 of 29 (0 complete) The accounting records of Compass Point Wireless include the following as of December 31, 2018: (Click
This Question: 5 pts 11 of 29 (0 complete) The accounting records of Compass Point Wireless include the following as of December 31, 2018: (Click the icon to view the accounting records.) Requirements 1. Report these liabilities on the Compass Point Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities. 2. Compute Compass Point Wireless's debt to equity ratio at December 31, 2018. Requirement 1. Report these liabilities on the Compass Point Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities. Compass Point Wireless Balance Sheet (Partial) December 31, 2018 Plus Total Liabilities Requirement 2. Compute Compass Point Wireless's debt to equity ratio at December 31, 2018. (Round the debt to equity ratio to two decimal places, X.XX.) Debt to equity ratio - X i Data Table 7,500 Accounts Payable Mortgages Payable (long-term) Interest Payable Bonds Payable (long-term) Total Stockholders' Equity 75,000 74,000 22,000 64,000 150,000 Salaries Payable Bonds Payable (current portion) Premium on Bonds Payable Unearned Revenue (short-term) 17,000 11,000 2,800 Print Done
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