4. What is Ella Company's debt ratio? a. 25.78% b. 100.00% c. 74.22% d. 137.78% e. 34.74%...
Question:
4. What is Ella Company's debt ratio?
a. 25.78%
b. 100.00%
c. 74.22%
d. 137.78%
e. 34.74%
Transcribed Image Text:
Assets Cash.... Accounts receivable...... Merchandise inventory.. Prepaid insurance. Long-term investments... Plant assets, net... Total assets...... ELLA COMPANY Balance Sheet December 31 Liabilities $ 86,000 Current liabilities....... $124,000 76,000 Long-term liabilities...... 90,000 122,000 Equity 12,000 Common stock......... 300,000 98,000 Retained earnings..... 316,000 436,000 $830,000 Total liabilities and equity.. $830,000
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