ford company has the following liabilities at the end of the year, notes payable of...

80.2K

Verified Solution

Question

Accounting

ford company has the following liabilities at the end of the year, notes payable of 50,000, accounts payable of 25,000, salaries payable of 9,000, taxes payable of 7,500, bonds payable of 50,000, and long term loans of 30,000. besides, the rerun on total assets is 20% and the debt to total capital ratio is 40%, what is the amount of total assets at the end of the year

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