BSO, Incorporated, has assets of $740,000 and liabilities of $555,000, resulting in a debt-to-assets ratio of...

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BSO, Incorporated, has assets of $740,000 and liabilities of $555,000, resulting in a debt-to-assets ratio of 0.75. For each of the following transactions, determine whether the debt-to-assets ratio will increase, decrease, or remain the same, and enter the value of the new debt-to-assets ratio. Each item is independent. (Round your answers to 2 decimal places.) & Purchased $48,000 of new inventory on credit. b. Paid accounts payable in the amount of $92,000 c. Recorded accrued salaries in the amount of $170,000 d. Borrowed $320,000 from a local bank, to be repaid in 90 days Debt-to-Assets Ratio BSO, Incorporated, has assets of $740,000 and liabilities of $555,000, resulting in a debt-to-assets ratio of 0.75. For each of the following transactions, determine whether the debt-to-assets ratio will increase, decrease, or remain the same, and enter the value of the new debt-to-assets ratio. Each item is independent. (Round your answers to 2 decimal places.) & Purchased $48,000 of new inventory on credit. b. Paid accounts payable in the amount of $92,000 c. Recorded accrued salaries in the amount of $170,000 d. Borrowed $320,000 from a local bank, to be repaid in 90 days Debt-to-Assets Ratio

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To determine the impact on the debttoassets ratio for each transaction we need to calculate the new ... View the full answer