The following data were taken from Mesa Company's balance sheet: a. Compute the ratio of liabilities to

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The following data were taken from Mesa Company's balance sheet:

a. Compute the ratio of liabilities to owner's equity.
b. Has the creditor's risk increased or decreased from December 31, 2018, to December 31, 2019?

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Accounting

ISBN: 978-1337899451

27th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: May 08, 2017 11:20 AM

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The following data were taken from Mesa Company's balance sheet: a. Compute the ratio of liabilities to

Question:

Total liabllities Total owner's equity Dec. 31, 2019 $547,800 415,000 Dec. 31, 2018 $518,000 370,000

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a b Decreased Total liabilities Total ...View the full answer

Accounting

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