Question: 10. What is Green Valley's debt ratio? Module 2 Part 2 Balance Sheet and Statement of Equity -HOMEWORK Green Valley Nursing Home, Inc Balance Sheet

10. What is Green Valley's debt ratio? Module 2
10. What is Green Valley's debt ratio? Module 2 Part 2 Balance Sheet and Statement of Equity -HOMEWORK Green Valley Nursing Home, Inc Balance Sheet December 31, 2022 Assets Current Assets: Cash $ 105,737 Short-Term Investments $ 200,000 Net Patient Accounts Receivable $ 215,600 Supplies $ 87,655 Total Current Assets $ 608,992 Property and Equipment $ 2,250,000 Less Accumulated Depreciation $ 356,000 Net Property and Equipmnet $1,894,000 Total Assets $ 2,502,992 Liabilities and Shareholder's Equity Current Liabilities: Accounts Payable $ 72,250 Accrued Expenses $ 192,900 Notes Payable $ 180,000 Total Current Liabilities $ 445,150 Long-Term Debt $ 1,700,000 Total Liabilities $ 2,145,150 Shareholder's Equity: Common Stock, $10 par value $ 100,000 Retained Earnings $ 257,842 Total Shareholder's Equity $357,842 Total Liabilities and Shareholders' Equity $ 2,502,992 Choice: 85.7% Choice: 15.1% Choice: 456.0% Choice: 64.3%

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