A corporation reports the following year-end balance sheet data. The company's equity ratio equals: Cash $ 56,000 Curren
Posted: Sun Jun 05, 2022 8:20 pm
A corporation reports the following year-end balance sheet data.
The company's equity ratio equals: Cash $ 56,000 Current
liabilities $ 91,000 Accounts receivable 71,000 Long-term
liabilities 48,000 Inventory 76,000 Common stock 116,000 Equipment
161,000 Retained earnings 109,000 Total assets $ 364,000 Total
liabilities and equity $ 364,000
The company's equity ratio equals: Cash $ 56,000 Current
liabilities $ 91,000 Accounts receivable 71,000 Long-term
liabilities 48,000 Inventory 76,000 Common stock 116,000 Equipment
161,000 Retained earnings 109,000 Total assets $ 364,000 Total
liabilities and equity $ 364,000