Intro
Use the following information to answer the questions:
Part 1
What is the debt-equity ratio?
Intro Use the following information to answer the questions
Assets
Liabilities and Equity
Cash 14,000
Accounts payable 16,000
Marketable securities 2,000
Notes payable 6,000
Accounts receivable Inventory Current assets Machines Real estate 5,000
Current liabilities 22,000
31,000
Long-term debt 95,000 117,000 20,000 29,000
52,000
Total liabilities 34,000
Paid-in capital Retained earnings Equity 49,000 Total liabilities & equity 166,000
80,000
Net fixed assets 114,000 166,000
Total assets
Part 1 What is the debt-equity ratio?
Attempt 3/10 for 10pts
b+ decimals
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