The following balance sheet information is provided for Mash co. for 2018 : Assets 64,000 Liabilities & Equity Accounts Payable 3,840 Salaries...

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Accounting

The following balance sheet information is provided for Mash co.for 2018 :
Assets 64,000
Liabilities & Equity
Accounts Payable 3,840
Salaries Payable 9,040
Bonds Payable (mature in yr 2022 10,100
common Equity 41,020
Total Liabilities & Equity 64,000
what is the company's debt to assets ratio (rounded)?
a. 6%
b. 20%
c. 36%
d. 279%
ACC earned $8,000 in profit on net sales of $37,200 it's grossmargin was $23,500 and its earnings before interst and taxes was$13,150. ACC's net margin is:
a. 465.0 %
b. 63.2%
c. 35.3%
d. 21.5%
Select the correct Statement regarding vertical analysis:
a. vertical analysis of the income statement involves showing eachline item on the income statement as a percentage of total revenue(sales)
b. vertical analysis of the balance sheet involves showing eachline item on the balance sheet as a percentage of totalassets.
c. Both a,b are correct.
d. Nethier q, b correct.
Which of the following liquidity ratios is a conservativevariation of the current ratio?
a. Quick Ratio
b. Book Value per Share.
c. Inventory Turnover
d. Debt to assets

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3.9 Ratings (435 Votes)

Debttoasset Ratio Debttoasset Ratio Total Liabilities Total Assets x 100 Total Liabilities Total Liabilities Equity Common Equity 64000 41020 22980 Therefore the Debttoasset Ratio See Answer

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Assets	64,000
Liabilities & Equity
Accounts Payable	3,840
Salaries Payable	9,040
Bonds Payable (mature in yr 2022	10,100
common Equity	41,020
Total Liabilities & Equity	64,000