Question
Using the following accounts and their balance, calculate the debt ratio for Cooper Furniture repair as of December 31. Cash $7,000 $1,200 Unearned Revenue 4,500
Using the following accounts and their balance, calculate the debt ratio for Cooper Furniture repair as of December 31.
Cash $7,000 $1,200
Unearned Revenue 4,500 800
Equipment 10,000 5,000
Service Revenue 8,000 2,300
Cooper, Capital 12,200 3,000
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Managerial Accounting
Authors: Carl S. Warren, William B. Tayler
16th Edition
0357715225, 9780357715222
