question 25 - 26

QUESTION 25 Wildcat, Inc. purchases a machine on January 1, 2016 at a cost of $77,000. The machine will be depreciated over a 10 year useful life by using the double declining balance method. T he managers estimate that the machine will have a salvage value of $37.500 at the end of its useful life. What is the machine's carrying amount of December 31, 2017 a. $317.440 b. 5312,188 OC 5253,952 d. 5155.000 QUESTION 26 Bulldog, Inc. has the following balance sheet information for the years ending December 31, 2018 and 2017. Dolar amounts are in thousands of dollars. 2018 2017 Cash and equivalents (5000) $ 9,333 $ 10,386 Accounts receivables 8.960 8,350 Inventories 47,041 36,769 Prepaid & other current assets 512 259 Total current assets $ 65,846 556,264 Fixed assets, net 29.452 I 19.645 Total assets $ 95,298 $ 75,909 Accounts payable $ 14.294 Other current liabilities 13.167 Total current liabilities $ 27.461 Longterm debt 21,902 Stockholders' equity 45.935 Total liabilities & stkholders' equity $ 95,298 $ 7,591 12.841 $20.432 17,610 37.867 $ 75,909 What is the company's financial leverage ratio for 2018