Question: Given the following Year 12 balance sheet data for a footwear company Balance Sheet Data Cash on Hand Total Current Assets Total Fixed Assets Total
Given the following Year 12 balance sheet data for a footwear company Balance Sheet Data Cash on Hand Total Current Assets Total Fixed Assets Total Assets Accounts Payable Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Bank Loans Total Current Liabilities Long-Term Bank Loans Outstanding Total Liabilities Year 11 Year 12 Shareholder Equity: Balance Change Common Stock 20,000 0 Additional Capital 120,000 0 Retained Earnings 60,000 20,000 Total Shareholder Equity 190,000 +20,000 Total Liabilities and Shareholder Equity $ 10,000 150,000 250,000 $400,000 $ 20,000 0 5,000 17,000 42,000 138,000 180,000 0000000000000000 90 Questions Question 4 Question 5 Question Question Question B Question Question 10 Question 11 Question 12 Question 13 Question 14 Question 15 Question 16 O Question 17 Question 18 Question 19 Question 20 Answered 0 = No Answer 20,000 120,000 80,000 220,000 $400,000 Based on the above figures and the definition of the debt-assets ratio presented in the Help section for p. 5 of the Footwear Industry Report, the company's debt-assets ratio (rounded to 2 decimal places) is Cocobase wing rod and contact Whion 0.44. 0.47 0.40. 0.42 0.45.
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