Question
What is Ella Company's debt ratio? Use the following information for questions 2 through 5. Assets ELLA COMPANY Belance Shout December 31 Liabilities Cash..
What is Ella Company's debt ratio? Use the following information for questions 2 through 5. Assets ELLA COMPANY Belance Shout December 31 Liabilities Cash.. $85,000 Current abimes.... $124,000 Accounts receivable... 76,000 Long-term abilities. 90,000 Merchandise Inventory. 122,000 Equity Prepaid Insurance.. 12.000 Common stock..... 300,000 Long-term investments... Plant assets, net. 98,000 Retained earnings. 316,000 436,000 Total assets. $830,000 Total Babies and equity. $830,000 a. 25.78% b. 100.00% c. 74.22% d. 137.78% 34.74%
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Ethical Obligations and Decision Making in Accounting Text and Cases
Authors: Steven Mintz, Roselyn Morris
4th edition
978-1259543470, 1259543471, 978-1259730191
