The following data were taken from Mesa Company's balance sheet: a. Compute the ratio of liabilities to
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a. Compute the ratio of liabilities to owner's equity.
b. Has the creditor's risk increased or decreased from December 31, 2018, to December 31, 2019?
Transcribed Image Text:
Total liabllities Total owner's equity Dec. 31, 2019 $547,800 415,000 Dec. 31, 2018 $518,000 370,000
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a b Decreased Total liabilities Total ...View the full answer
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Related Book For
Accounting
ISBN: 978-1337899451
27th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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