16. Refer to Bellingham Incorporated's December 31, 2019 Balance Sheet shown below. Assets Current Assets Cash Inventory Accounts Receivables Total Current Assets Non-current Assets Plant and Equipment (Net) Patents (Net) Total Assets Bellingham Incorporated Balance Sheet as of December 31, 2019 0.50 0.87 1.09 1.17 $130,000 80,000 40,000 $250,000 350,000 50,000 $650,000 Liabilities Current Liabilities Accounts Payable Notes Payable Total Current Liabilities Non-current Liabilities Debt Owner's Equity Common Stock Retained Earnings Total Liabilities and Owner's Equity What is Bellingham's total debt to equity ratio on December 31, 2019? $90,000 110,000 $200,000 150,000 220,000 80,000 $650,000
16. Refer to Bellingham Incorporated's December 31, 2019 Balance Sheet shown below. Assets Current Assets Cash Inventory Accounts Receivables Total Current Assets Non-current Assets Plant and Equipment (Net) Patents (Net) Total Assets Bellingham Incorporated Balance Sheet as of December 31, 2019 0.50 0.87 1.09 1.17 $130,000 80,000 40,000 $250,000 350,000 50,000 $650,000 Liabilities Current Liabilities Accounts Payable Notes Payable Total Current Liabilities Non-current Liabilities Debt Owner's Equity Common Stock Retained Earnings Total Liabilities and Owner's Equity What is Bellingham's total debt to equity ratio on December 31, 2019? $90,000 110,000 $200,000 150,000 220,000 80,000 $650,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help me with show all calculation thanku
Transcribed Image Text:16. Refer to Bellingham Incorporated's December 31, 2019 Balance Sheet shown below.
Assets
Current Assets
Cash
Inventory
Accounts Receivables
Total Current Assets
Non-current Assets
Plant and Equipment (Net)
Patents (Net)
Total Assets
Bellingham Incorporated
Balance Sheet as of December 31, 2019
0.50
0.87
1.09
1.17
$130,000
80,000
40,000
$250,000
350,000
50,000
$650,000
Liabilities
Current Liabilities
Accounts Payable
Notes Payable
Total Current Liabilities
Non-current Liabilities
Debt
Owner's Equity
Common Stock
Retained Earnings
Total Liabilities and Owner's Equity
What is Bellingham's total debt to equity ratio on December 31, 2019?
$90,000
110,000
$200,000
150,000
220,000
80,000
$650,000
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