Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. johnson owns a farm business. the business has $10

Johnson owns a farm business. The business has $10,000 in cash and $80,000 in other...

90.2K

Verified Solution

Question

Accounting

Johnson owns a farm business. The business has $10,000 in cash and $80,000 in other assets. The total liability for the business is $65,000. 1. What is Johnson's net worth (owner's equity)? 2. What is Johnson's current ratio? 3. What is Johnson's equity to asset ratio? 4. What is Johnson's debt to asset ratio?

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

Physics
1.2K views

There is a long cylinder magnet with inner radius of R1 outher radius of R2 length...

Biology
1.2K views

of types of sarcasm I Brooding III Informative O I and II O II and...

Physics
1.2K views

A rod is bent into the L shape and hinged at O so that it...

Physics
1.2K views

Refer to the figure rectangle PQRS represents the cross section of a uniform magnetic field...

Physics
1.2K views

Two glass plates 10 0 cm long are in contact at one end and separated...

Algebra
1.2K views

Solve the following by FACTORING and using the ZERO PRODUCT PROPERTY 3x 36x 60 0...

Accounting
1.2K views

Looking for answers for Requirement 3 4 and 5 below: must put following info...

Accounting
1.2K views

Schabel Corporation tiene dos divisiones operativas: una divisin de consumo y una divisin comercial. El...

Accounting
1.2K views

Additional infornation Average usage100 per day Maximum usage 180 III Minimun usage 50 IV. Lead...

Accounting
1.2K views

Question 7 (12 points] The following information is available for these companies: a) Complete the...

Accounting
1.2K views

Clark Industries has a defined benefit pension plan that specifies annual, year-end retirement benefits equal...

Accounting
1.2K views

Q5. Currently, the Scottish island of Granta has three GP surgeries. These surgeries offer a...