Question: A partial balance sheet for Company A is shown below. (dollars in thousands) Assets: Liabilities: Cash $ 63 Accounts payable $ 246 Accounts receivable (net)

A partial balance sheet for Company A is shown below. (dollars in thousands) Assets: Liabilities: Cash $ 63 Accounts payable $ 246 Accounts receivable (net) 171 Other liabilities 86 Investments 52 Total current liabilities 332 Inventory 203 Long-term liabilities 113 Prepaid rent 30 Total liabilities 445 Total current assets 519 Stockholders' equity: Property & Equipment, (net) 262 Common stock 155 Retained earnings 181 Total stockholders' equity 336 Total assets $ 781 Total liabilities and equity $ 781 The debt to equity ratio is: (Round your answer to 2 decimal places.) Multiple Choice 0.99. 0.57. 1.32. 2.46

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!