- Given The Following Balance Sheets And The Income Statement For Leo Construction Find Out Current Assets Cash And Cash 1 (104.6 KiB) Viewed 9 times
- Given The Following Balance Sheets And The Income Statement For Leo Construction Find Out Current Assets Cash And Cash 2 (54.85 KiB) Viewed 9 times
Given the following Balance Sheets and the Income
Statement for Leo Construction, find out: Current assets Cash and cash equivalents Account receivables Costs & recogid earnings in excess of billings Inventories Notes receivable Prepaid expenses Other current assets i Total current assets Noncurrent assets Property, plant, and equipment Less accumulated depreciation Property, plant, and equipment, net Other noncurrent assets Total noncurrent assets Total assets Leo Construction Balance Sheet 3/28/2020 $ 280,492 S 314,219 $ 40,586 $ $ 22,548 S 6,621 S 12,254 $ 676,720 S 421,287 $(56,128) $365,159 $ 178,544 $ 543,703 $1,220,423 $ 15,514 $ 348,004 $ 29,733 $ 5,218 S 25,438 $523,907 S 153,215 S677,122 6/30/2020 $20,000 $ 523,301 $543,301 $1,220,423 $ 43,462 $398,256 $ 28,763 $ $ 18,794 $ 5,121 $ 9,992 $504,388 $421,687 $(112,256) $ 309,431 $173,526 $482,957 $987,345 $ 34,516 $310,756 $ 30,771 $ 6,782 $ 27,893 $413,718 $ 128,110 $541,828 $ 20,000 $425,517 $445,517 $987,345 9/30/2020 S $6,543 $ 383,984 31,227 $ S S 12,632 $ 465,248 $(147,623) S $ 5,012 $ $ 9,712 $ $29,110 $ $ 686,676 317,625 182,110 $ S 499,735 $1.028,845 $ $ S $ 5555 Current liabilities: Notes payable and notes of credit Accounts payable Accrued expenses Billings in excess of costs & recog'd earnings Other current liabilities Total current liabilities Long-term liabilities Total liabilities Net Worth: Common stock Retained earnings Total net worth Total liabilities and net worth What is the quick ratio for the third quarter of 2020? (keep two decimal places) 12/31/2020 $ 174,254 $ 460,138 S 32.198 544,805 109 287 654,092 $ S $ 20,000 $ 354 753 $ 374 753 $ 1,028,845 37,234 6,825 8,225 $ 467,248 $(182,990) $ 284,258 $ 171,256 $ 455,514 $1,142,190 $ 45,250 40,228 294,557 $ 246,839 27,884 $ 27,914 9,938 $ 11,562 $ 35.648 S 369,213 $ 99,073 $ 468,236 $20,000 $653,904 $673.904 $1,142,190
1
Question 2 For Leo Construction, which quarter has the highest debt-to-equity ratio? Quarter 3 Quarter 1 Quarter 2 Quarter 4
Question 3 5 pts 5 pts For Leo Construction, the highest debt-to-equity ratio in 2020 was (keep two decimal places)