Following is the Balance Sheet in $ for the GTO Hotel: Answer the following: ______ What is

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Following is the Balance Sheet in $ for the GTO Hotel: 

Cash 250,000 Accounts Payable 175,000 Accounts Receivable 125,000 Wages Payable 145,000 Inventory 235,000 Taxes Payable 80,000 Total Current Assets 610,000 Total Current Liabilities 400,000 Equipment 190,000 Bank Loan 500,000 Property 1,250,000 Total Long-Term Assets 2,050,000 Total Liabilities 900,000 Paid-in Capital 1,000,000| Total Owner Equity 1,760,000 Total Assets 2,660,000 Total Liabilities

Answer the following:

______ What is the working capital amount?
______ What is the total capitalization amount?
______ What is the Liabilities capitalization percent?
______ What is the Owner Equity capitalization percent?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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