Question: Given the following Year 12 balance sheet data for a footwear company: Balance Sheet Data Cash on Hand 2,000 Total Current Assets 78,000 Total Assets

Given the following Year 12 balance sheet data for a footwear company:

Balance Sheet Data
Cash on Hand 2,000
Total Current Assets 78,000
Total Assets 330,000
Overdraft Loan Payable 4,000
1-Year Bank Loan Payable 8,000
Current Portion of Long-Term Loans 18,000
Total Current Liabilities 48,000
Long-Term Bank Loans Outstanding 120,000
Shareholder Equity: Year 11 Balance Year 12 Change
Common Stock 10,000 0 10,000
Additional Capital 100,000 0 100,000
Retained Earnings 30,000 22,000 52,000
Total Shareholder Equity 140,000 +22,000 162,000
Based on the above figures and the formula for calculating the debt-assets ratio, the company's debt-assest ratio (where debt is defined to include both short-tem and long-term debt) will be which one?
Given the following Year 12 balance sheet data for a footwear company: Balance Sheet Data Cash on Hand 2,000 Total Current Assets 78,000 Total 0.442.
Assets 330,000 Overdraft Loan Payable 4,000 1-Year Bank Loan Payable 8,000 Current Portion of Long-Term Loans 18,000 Total Current Liabilities 48,000 Long-Term Bank Loans 0.364
Outstanding 120,000 Shareholder Equity: Year 11 Balance Year 12 Change Common Stock 10,000 0 10,000 Additional Capital 100,000 0 100,000 Retained Earnings 30,000 22,000 0.418
52,000 Total Shareholder Equity 140,000 +22,000 162,000 Based on the above figures and the formula for calculating the debt-assets ratio, the company's debt-assest ratio 0.455
(where debt is defined to include both short-tem and long-term debt) will be which one? 0.442. 0.364 0.418 0.455 0.091 0.091

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