Omega Company provided the following balance sheet for 2014: Assets Cash $ 4,200 Accounts receivable...
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Omega Company provided the following balance sheet for 2014: Assets Cash $ 4,200 Accounts receivable 6,350 Inventory 10,450 Prepaid expenses 1,800 Plant and equipment, net of depreciation 29,200 Land 20,550 Total assets $ 72,550 Liabilities and Stockholders' Equity Accounts payable $ 2,680 Salaries payable 7,200 Bonds payable (Due in 2020) 11,500 Common stock, no par 15,500 Retained earnings 35,670 Total liabilities and stockholders' equity $ 72,550 What is the company's plant assets to long-term liabilities ratio
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