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
5,000
Current liabilities
22,000
Inventory
31,000
Long-term debt
95,000
Current assets
52,000
Total liabilities
117,000
Machines
34,000
Paid-in capital
20,000
Real estate
80,000
Retained earnings
29,000
Net fixed assets
114,000
Equity
49,000
Total assets
166,000
Total liab. & equity
166,000
Part 1
Attempt 3/10 for 10 pts.
What is the debt-equity ratio?
2+ decimals
Submit