Doug's Boat Shop, Inc. reports operating income of $230,000 and an interest expense of $27,600. The average common stockholders' equity during the year was $40,000. The beginning assets balance is $105,000 and ending assets balance is $180,000. What is the leverage ratio? (Round your final answer to two decimal places.) 

A. 9.33. 

B. 3.56 

C. 10.94 

D. 713 

On January 1, 2023, Anthony Corporation issued $700.000 of 5%, 5-year bonds at 97, with interest paid annually. Using the straight-line amortization method, what is the carrying value of the bonds one year later on January 1, 20247 (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar) 

A. $683,700 

B. $679,000 

C. $686.000 

D. $717 449 

A $6,000, 8% bond is sold at 94. When the bond is issued, the Cash account will be increased by:

A. $6,120 

B. $8,380 

C. $6,000. 

D. $5,640,

Answer rating: 100% (QA)

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