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 Shareholder Equity: Year 11 Year 12 Balance Change Common Stock 20,000 0 Additional Capital 110,000 0 Retained Earnings 60,000 20,000 Total Shareholder Equity 190,000 +20,000 Total Liabilities and Shareholder Equity $ 10,000 130,000 260,000 $390,000 $ 20,000 0 5,000 17,000 42,000 138,000 180,000 20,000 110,000 80,000 210,000 $390,000 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 Copyright by CloBus Software in Copyro dating of 3rd party websitepotting probed and coco 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 Shareholder Equity: Year 11 Year 12 Balance Change Common Stock 20,000 0 Additional Capital 110,000 0 Retained Earnings 60,000 20,000 Total Shareholder Equity 190,000 +20,000 Total Liabilities and Shareholder Equity $ 10,000 130,000 260,000 $390,000 $ 20,000 0 5,000 17,000 42,000 138,000 180,000 20,000 110,000 80,000 210,000 $390,500 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 Copyrio O by Glo-Bus Software, ine. Copying distributing, or 3rd party website posting pressly prohibited and constantes copricht violation, 0.44. 0.42. 0.36. 0.43. 0.46. Copying, redistributie
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