Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assets cash 12,000 marketable securities 2,00

Assets Cash 12,000 Marketable securities 2,000 Accounts...

70.2K

Verified Solution

Question

Accounting

Assets
Cash 12,000
Marketable securities 2,000
Accounts receivable 5,000
Inventory 34,000
Current assets 53,000
Machines 34,000
Real estate 80,000
Net fixed assets 114,000
Total assets 167,000
Liabilities and Equity
Accounts payable 18,000
Notes payable 6,000
Current liabilities 24,000
Long-term debt 95,000
Total liabilities 119,000
Paid-in capital 20,000
Retained earnings 28,000
Equity 48,000
Total liab. & equity 167,000
Line item
Sales 72,000
- Costs 59,040
- Depreciation 2,000
= EBIT 10,960
- Interest 800
= Taxable income 10,160
- Taxes 3,353
= Net income 6,807
What is the total debt ratio (including all liabilities)?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students