Use the ratios below and statement of financial position to fill in the missing information. (Round...

 

 

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Use the ratios below and statement of financial position to fill in the missing information. (Round debt to total assets ratio to 1 decim place, e.g. 2.1%) Monty Corporation had the following comparative statements of financial position: Current assets Cash Trading investments Accounts receivable Inventory Prepaid expenses Total current assets Monty Corporation Statement of Financial Position Dec. 31, 2022 Property, plant, and equipment (net) Total assets Assets $78,000 96,000 149,000 252,000 91.000 666,000 197,000 $863,000 $ Dec. 31, 2021 $83,000 144,500 227,000 58,000 200,000 Liabilities Current liabilities Accounts payable Salaries payable Income tax payable Totál current liabilities Mortgage payable Total Liabilities Shareholders' Equity Common shares Retained earnings Total liabilities and shareholders' equity 60 $314,385 50,865 61,578 275,000 50,708 $863,000 $306,000 39,000 76,795 $515.795 275,000 66,705 $857,500 Additional information: Current ratio Working capital Debt to total assets. 2022 1.4:1 62.3% 2021 1.5:1 $218,500 % Use the ratios below and statement of financial position to fill in the missing information. (Round debt to total assets ratio to 1 decim place, e.g. 2.1%) Monty Corporation had the following comparative statements of financial position: Current assets Cash Trading investments Accounts receivable Inventory Prepaid expenses Total current assets Monty Corporation Statement of Financial Position Dec. 31, 2022 Property, plant, and equipment (net) Total assets Assets $78,000 96,000 149,000 252,000 91.000 666,000 197,000 $863,000 $ Dec. 31, 2021 $83,000 144,500 227,000 58,000 200,000 Liabilities Current liabilities Accounts payable Salaries payable Income tax payable Totál current liabilities Mortgage payable Total Liabilities Shareholders' Equity Common shares Retained earnings Total liabilities and shareholders' equity 60 $314,385 50,865 61,578 275,000 50,708 $863,000 $306,000 39,000 76,795 $515.795 275,000 66,705 $857,500 Additional information: Current ratio Working capital Debt to total assets. 2022 1.4:1 62.3% 2021 1.5:1 $218,500 %

Answer rating: 100% (QA)

The value of the missing figures in the financial statement for the two years are as follows M Cor... View the full answer