Jenny Lid. has the following assets and liabilities Cash: $10,000 Inventory: $100,000 Trade accounts

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Jenny Lid. has the following assets and liabilities

• Cash: $10,000

• Inventory: $100,000

• Trade accounts receivable: $50,000

Long term assets (net of depreciation): $190,000

• Trade accounts payable: $150,000

• Long-term debt: $100,000

Required

(a) Calculate the debt to equity ratio.

(b) Calculate the debt to assets ratio.

Related Book For answer-question

Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Posted Date: May 26, 2023 05:16 AM

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Jenny Lid. has the following assets and liabilities Cash: $10,000 Inventory: $100,000 Trade accounts

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Expert Answer:

To calculate the debt to equity ratio and the debt to assets ratio we need to use the following form... View the full answer

Financial and Managerial Accounting the basis for business decisions

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