Assets $ Liabilities $ Current Assets Current Liabilities Cash 12,000 Accounts payable 28,500 Cash at bank 7,000 Wages payable 7,000 Accounts receivable 35,000 Taxes payable 12,000 Inventory 30,500 Interest payable 15,000 Prepayments 3,300 Total current assets 87,800 Total current liabilities 62,500 Investments 25,000 Long-Term Liabilities Bank loan 335,000 Notes payable 15,000 Long-term liabilities 350,000 Property, Plant, and Equipment Total Liabilities 412,800 Land and building 156,000 Equipment 1,85,000 Less: Depreciation (63,000) 278,000 Stockholders' Equity Intangible Assets Common stock 100,000 Goodwill 120,000 Retained earnings 200,000 Trade names 210,000 Total stockholders' equity 300,000 Total intangible assets 340,000 Total Assets 720,800 Total Liability and Stockholders' Equity 720,800 What are the debt-equity ratio and the quick ratio based on the above information?

Answer rating: 100% (QA)

Based on the financial information provided the debttoequity ratio is 1375 and the quick ratio acidt... View the full answer