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Year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Inventory Prepaid rent Machinery, net Current Year 1 Year Ago 2 Years
Year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Inventory Prepaid rent Machinery, net Current Year 1 Year Ago 2 Years Ago $ 26,725 $ 31,858 30,967 77,457 52,503 41,290 95,459 73,671 43,529 8,436 240,403 3,372 193,642 Total assets $ 448,480 $ 386,621 Accounts payable Long-term notes payable Common stock Retained earnings $ 110,555 83,471 162,500 91,954 $ 65,992 88,034 162,500 70,095 Total liabilities and equity $ 448,480 $ 386,621 Liabilities and Equity 8,200 220,389 $ 312,800 $ 42,115 69,129 162,500 39,056 $ 312,800 (2) Compute debt ratio and equity ratio for the current year and one year ago. Current Year 1 Year Ago Current Year 1 Year Ann Debt Ratio + Choose Numerator: Choose Denominator: = Debt ratio % || % Equity Ratio Choose Numerator: 1 Choose Denominator: 1 = Equity ratio I % %
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