Young Husky Entrpreneurs, Inc. 2018 and 2019 Statement of Financial Position ($ in millions) ...
50.1K
Verified Solution
Link Copied!
Question
Finance
| Young Husky Entrpreneurs, Inc. 2018 and 2019 Statement of Financial Position ($ in millions) | |||||
| 2018 | 2019 | 2018 | 2019 | ||
| Cash | $100 | $121 | Accounts payable | $400 | $350 |
| Accounts rec. | 350 | 425 | Notes payable | 390 | 370 |
| Inventory | 440 | 410 | Total | $790 | $720 |
| Total | $890 | $956 | Long-term debt | 500 | 550 |
| Net fixed assets | 1,556 | 1,704 | Common stock | 600 | 580 |
| Retained earnings | 556 | 810 | |||
| Total | $2,446 | $2,660 | Total | $2,446 | $2,660 |
What is the debt-equity ratio for 2018?
Question 32 options:
|
| 0.91 |
|
| 2.32 |
|
| 1.12 |
|
| 2.15 |
|
| 0.48 |
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.