Using the following accounts and their balances, calculate the debt ratio for Cambell Furniture Repair as...
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Using the following accounts and their balances, calculate the debt ratio for Cambell Furniture Repair as of December 31. (Click the icon to view Cambell Furniture Repair's accounts.) Total liabilities Total assets = Data Table Cash Unearned Revenue Equipment Service Revenue Common Stock Debt Ratio $ 10,000 10,140 16,000 9,400 17,000 Advertising Expense Utilities Expense Rent Expense Accounts Payable Dividends $ 2,000 400 5,600 1,300 3,840 Using the following accounts and their balances, calculate the debt ratio for Cambell Furniture Repair as of December 31. (Click the icon to view Cambell Furniture Repair's accounts.) Total liabilities Total assets = Data Table Cash Unearned Revenue Equipment Service Revenue Common Stock Debt Ratio $ 10,000 10,140 16,000 9,400 17,000 Advertising Expense Utilities Expense Rent Expense Accounts Payable Dividends $ 2,000 400 5,600 1,300 3,840
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259103292
4th Canadian edition
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
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