What is Ella Company's equity ratio? a. $25.78 % b. $100.00 % c. $34.74 % d. $74.22
Question:
What is Ella Company's equity ratio?
a. $25.78 %
b. $100.00 %
c. $34.74 %
d. $74.22 %
e. $137.78 %
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....... 98,000 Retained earnings. 300,000 316,000 436,000 $830,000 Total liabilities and equity.. $830,000
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