Question: Can someone help me with the parts I got wrong? Thanks Birtle Corporation reports the following statement of financial position information for 2017 and 2018.

Can someone help me with the parts I got wrong?

Thanks

Can someone help me with the parts I got wrong? Thanks Birtle

Birtle Corporation reports the following statement of financial position information for 2017 and 2018. BIRTLE CORPORATION 2017 and 2018 Statement of Financial Position Assets 2017 2018 2017 Current assets Cash $ 9,279 $ 11,173 Current liabilities Accounts payable Notes payable $ 41,060 16, 157 Accounts receivable 23,683 42,636 25,760 46,915 Inventory Total $ 75,598 $ 83,848 Total $ 57,217 $ 40,000 Long-term debt Fixed assets Owners' equity Net plant and equipment $272,047 $297,967 Common stock and paid-in surplus Retained earnings $ 50,000 200,428 $250,428 Total Total assets $347,645 $381,815 Total liabilities and owners' equity $347,645 f. Calculate the total debt ratio and long-term debt ratio for each year. (Round the final answers to 3 decimal places.) 2017 2018 Total debt ratio 0.280 times 0.250 times Long-term debt ratio 0.120 times 0.090 times Liabilities and Owners' Equity 2018 $ 43,805 16,843 $ 60,648 $ 35,000 $ 50,000 236, 167 $286, 167 $381,815

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