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 Assets

Given the following Year 9 selected balance sheet
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 1Year Bank Loan Payable 10,000 Current Portion of LongTerm Loans 17,000 Total Current Liabilities 93,000 Long-Term Bank Loans 46,000 Total Liabilities 139,000 _ Year 0 \"fear 9 Shareholder Equity. Balance change Common Stock {at a par value of $0.50 per share 10,050 0 10,050 Additions! Capital 31,500 0 31,500 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 denition of the debtequity percentages (or debt%:eouity/o) presented in the Help section for p. 5 of the Camera and Drone Journal. then it follows that the company's debtequity percentages (rounded to the nearest percentage-like 40% and 60%) and its current ratio are: -I-.!..-. :- ..-. r,.J...-.... _._..-... _-_._.._._. _._r._..J.. ._.__... -._....s._._.:_..:,. C} 19:81 [or 19%:81%)and 1.83. O 09:91 {or 9013:9103) and 2.43. O 38:62 {or 38%:62'5'0) and 2.48. C) 29:?1 {or 29%:T1%) and 2.?4. G) 40:60 [or 40%:60%} and 2.74

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