Question: ? Given the following Year 9 selected balance sheet data: Assets Cash on Hand $136,000 Total Current Assets 255,000 Total Fixed Asset Investments 230,000 Total

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? Given the following Year 9 selected balance sheet data: Assets Cash

Given the following Year 9 selected balance sheet data: Assets Cash on Hand $136,000 Total Current Assets 255,000 Total Fixed Asset Investments 230,000 Total Assets $485,000 Liabilities and Shareholder Equity Accounts Payable $ 66,000 Overdraft Loan Payable 0 1-Year Bank Loan Payable 10,000 Current Portion of Long-Term Loans 17,000 Total Current Liabilities 93,000 Long-Term Bank Loans 46,000 Total Liabilities 139,000 Shareholder Equity: Year 8 Year 9 Balance Change Common Stock (at a par value of $0.50 per share 10,050 10,050 Additional Capital 81,500 81,500 Retained Earnings 162,450 92,000 254,450 Total Shareholder Equity 254,000 +92,000 346,000 Total Liabilities and Shareholder Equity $485,000 Based on the above figures and the definition of the debt:equity percentages (or debt%:equity%) presented in the Help section for p. 5 of the Camera and Drone Journal, then it follows that the company's debt:equity percentages (rounded to the nearest percentage--like 40% and 60%) and its current ratio are: Copyright @ by Glo-Bus Software, Inc. Copying, distributing, or 3rd party website posting isexpressly prohibited and constitutes copyright violation 40:60 (or 40%:60%) and 2.74. 09:91 (or 9%:91%) and 2.48. O 29:71 (or 29%:71%) and 2.74. 38:62 (or 38%:62%) and 2.48. 19:81 (or 19%:81%)and 1.83

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