The following data were taken from Stone Companys balance sheet: a. Compute the ratio of liabilities to
Question:
a. Compute the ratio of liabilities to owners equity.
b. Has the creditors risk increased or decreased from December 31, 2011 to December 31,2012?
Transcribed Image Text:
Dec. 31, 2012 Dec. 31, 2011 5300,000 400,000 5340,000 Total liabilities Total owner's equity 500,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
a Dec 31 Dec 31 2012 2011 Total lia...View the full answer
Answered By
Benish Ahmad
I'm a professional software engineer. I'm lectutrer at GCUF and I have 3 years of teaching experience. I'm looking forward to getting mostly computer science work including:
Programming fundamentals
Object oriented programming
Data structures
object oriented design and analysis
Database system
Computer networks
Discrete mathematics
Web application
I am expert in different computer languages such as C++, java, JavaScript, Sql, CSS, Python and C#. I'm also have excellent knowledge of essay writing and research. I have worked in other Freelancing website such as Fiverr and Upwork. Now I have finally decided to join the SolutionInn platform to continue with my explicit work of helping dear clients and students to achieve their academic dreams. I deliver plagiarism free work and exceptional projects on time. I am capable of working under high pressure.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
The following data were taken from Tyrone Tardieffs check register for the month of April. Tyrones bank reconciliation for March showed one outstanding check, Check No. 78 for $57.00 (written on...
-
The following data were taken from Netflix, Inc.s 2013 annual report. All dollar amounts are in millions. Required a. For each year, compute Netflixs debt to assets ratio, return on assets ratio, and...
-
The following data were taken from recent annual reports of Southwest Airlines, which operates a low-fare airline service to over 50 cities in the United States. (a) Determine the number of times...
-
You name the catastrophe, and JIT has been through it and survived. Toyota Motor Corporation has had its world-renowned JIT system tested by fire. The massive fire incinerated the main source of...
-
Carlson Sound builds innovative speakers for home theater systems. Identify the following costs as variable or fixed: a. Depreciation on equipment used to cut wood enclosures b. Wood for speaker...
-
Four electronic ovens that were dropped during shipment are inspected and classified as containing either a major, a minor, or no defect. In the past, 60% of dropped ovens had a major defect, 30% had...
-
Water is flowing through a long pipe of diameter \(15 \mathrm{~cm}\) at \(300 \mathrm{~K}\). The pressure gradient is \(500 \mathrm{~Pa} / \mathrm{m}\). Using the Blasius equation for the friction...
-
At Wolf Company, employees are entitled to one days vacation for each month worked. In January, 80 employees worked the full month. Record the vacation pay liability for January assuming the average...
-
Matt loves cupcakes (C) and hates bananas (B). However, Matt is always willing to eat one more banana as long as he gets to eat two more cupcakes. Carefully draw two indifference curves for Matt and...
-
Organizations often need to delve deep into culture in order to ensure a diverse and represented workplace. What can organizations do inorder to improve intercultural communication?, In your answer,...
-
The following data were taken from White Companys balance sheet: a. Compute the ratio of liabilities to owners equity. b. Has the creditors risk increased or decreased from December 31, 2011 to...
-
The following is a list of well-known companies. 1. H&R Block 2. eBay Inc. 3. Wal-Mart Stores, Inc. 4. Ford Motor Company 5. Citigroup 6. Boeing 7. SunTrust 8. Alcoa Inc. 9. Procter & Gamble 10....
-
A company sells goods on hire-purchase on the basis of 25% down, the balance, with 20% interest thereon being payable in 8 equal quarterly instalments on 31st March, 30th June, 30th September and...
-
The following data relates to two output levels of a department: Units 9,000 10,000 Total Costs $190,000 $195,000 Variable costs are $5 per unit. What would be the amount of total fixed costs?
-
A firm compares two alternative ways of acquiring customers. Advertising on Google Ads costs $500 per month and it generates 1000 extra visits to the firm's website, 100 of which result in a...
-
Consider the following information: Sales Revenue: $45,000 Rent Expense: $10,000 Wages Expense: $15,000 Utilities Expense: $2,000. What would be the net profit or loss?
-
The information that follows pertains to Richards Refrigeration, Incorporated: a. At December 31, 2024, temporary differences existed between the financial statement book values and the tax bases of...
-
Presented below is selected information related to Li Fashions at December 31, 2020. Li reports financial information monthly. Equipment Cash Service Revenue Rent Expense Accounts Payable HK$10,000...
-
What is the use of void pointer?
-
What is the difference between adsorption and absorption?
-
What elements comprise a firms promotional mix?
-
Problem 2 [55 marks] Consider a thin solid disk of radius a and material properties, E and v, which is placed inside a disk with a hole of the inner radius b = a and the outer radius a with materials...
-
(1) The volume of the cylinder was 1L at 50 C. What will be the new volume Vat T=100 C? Assume that the mass on top of the cylinder is kept the same. (Hint: P1=P2) P=const n=const V2 T2 = V V Ti (2)...
-
8. Mr. McCloskey is driving his truck along a straight road when he notices a small dark object 500 ft ahead. He steps on the brakes, then recognizes that the object is a duck standing in the middle...
Study smarter with the SolutionInn App