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Use All-Star Health's Balance Sheet to determine the company's debt ratio. Balance Sheets 2019 2018 Assets Cash $ 45,000 $ 52,000 Accounts receivable 458,000 401,000
Use All-Star Health's Balance Sheet to determine the company's debt ratio. Balance Sheets 2019 2018 Assets Cash $ 45,000 $ 52,000 Accounts receivable 458,000 401,000 Inventories 765,200 701.300 Total current assets $1,268,200 $1,154,300 Gross fixed assets 527,000 491,000 Less accumulated depreciation 166,200 146,200 Net fixed assets $ 360,800 $ 344,800 Total assets $1,629.000 $1,499, 100 Liabilities and Equity Accounts payable $ 175,200 $ 145,600 Notes payable 225,000 230,300 Net fixed assets $ 360,800 $ 344,800 Total assets $1,629,000 $1,499, 100 Liabilities and Equity Accounts payable $ 175,200 $ 145,600 Notes payable 225,000 230,300 Accruals 140.000 136,000 Total current liabilities $ 540,200 $ 511,900 Long-term debt 424,612 323,432 Common stock (100,000 shares) 460,000 460,000 Retained earnings 204 188 203.768 Total equity $_664,188 $ 663.768 Total liabilities and equity $1,629.000 $1.499 100
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