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Use the following ratios to determine the missing balance sheet amounts as of December 31. Each formula must include at least one of the ratios.
Use the following ratios to determine the missing balance sheet amounts as of December 31. Each formula must include at least one of the ratios. The company's current ratio is: The company's acid-test ratio is: The company's debt to equity ratio is: Current assets: Cash Richards Publishing Company Balance Sheet Short-term investments Accounts receivable Other current assets Total current assets Property, plant, and equipment Equipment Accumulated depreciation At December 31 Assets Net property, plant, and equipment Intangible assets Copyrights Total assets Current liabilities: Accounts payable Interest payable Total current liabilities MEN Long-term liabilities Notes payable (due in 3 years) Liabilities and Shareholders' Equity 4.15 2.77 0.38 $60,000 80,000 210,000 50,000 $60,000 5,000 160,000 20,000 $180,000 $65,000 60,000 hot to find the equations
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Lets determine the missing balance sheet amounts using the given ratios 1 Current Ratio 415 2 AcidTest Ratio 277 3 Debt to Equity Ratio 038 Given Cash ...Get Instant Access to Expert-Tailored Solutions
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