Question: Given the following Year 9 selected balance sheet data: Assets Cash on Hand Total Current Assets Total Fixed Asset Investments Total Assets Liabilities and Shareholder
Given the following Year 9 selected balance sheet data: Assets Cash on Hand Total Current Assets Total Fixed Asset Investments Total Assets Liabilities and Shareholder Equity Accounts Payable Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Loans Total Current Liabilities Long-Term Bank Loans Total Liabilities $136,000 255,000 230,000 $485,000 $ 66,000 0 0,000 17,000 93,000 46,000 139,000 Year 8 Year9 Balance Change Shareholder Equity: Common Stock (at a par value of $0.50 per share10,050 Additional Capital Retained Earnings Total Shareholder Equity Total Liabilities and Shareholder Equity 0 10,050 0 81,500 162,450 92,000 254,450 254,000 +92,000 346,000 $485,000 81,500 0 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, the companyeTMs debt:equity percentages (rounded to 2 decimal places) and its current ratio are: 09:91 and 2.48. 38:62 and 2.48. 40:60 and 2.74 O29:71 and 2.74 19:81 and 1.83
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