2019 2018 2019 2018 Liabilities and Owners' Equity Current labities Assets Current assets 88,509 $ 185,922 S 193,611 Cash $ 70,322 S Accounts payable 81,020 132,588 Accounts receivable 66,281 86,639 Notes payable 178,920 Inventory 114,322 Total $266,942 S 326,199 354,068 Total $250,925 Long term debt $229,000 S 165,750 Owners' equity Common stock and paid-in surplus Accumulated retained $226,000 $226,000 187,930 226,197 earnings Fixed assets $ 413.930 S 452.197 Net plant and equipment Total $658.947 590,078 944 146 Total liabilities and owners' $909,872 $ 944146 Total assets $909.872 S equity a. Current ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Quick ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Cash ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) d. Debt-equity ratio and equity multiplier. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) e. Total debt ratio. (Do not round intermediate calculations and round your answers to

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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2019
2018
2018
2019
Liabilities and Owners' Equity
Current lablities
Assets
Current assets
88,509
$ 185,922 S 193,611
Cash
$ 70,322 $
Accounts payable
81,020
132,588
Accounts
receivable
Notes payable
66,281
86,639
178,920
Inventory
114,322
Total
$266,942 S 326,199
354,068
Total
$250,925
Long term debt
$229,000 S 165,750
Owners' equity
Common stock and paid-in
surplus
Accumulated retained
$226,000 $226,000
187,930
226,197
earnings
Fixed assets
$ 413.930 S 452.197
Net plant and
equipment
Total
$658.947 590,078
944 146 Total liabilities and owners'
$909,872 $ 944146
Total assets
$909.872 S
equity
a. Current ratio. (Do not round intermediate calculations and round your answers to 2
decimal places, e.g., 32.16.)
b. Quick ratio. (Do not round intermediate calculations and round your answers to 2
decimal places, e.g., 32.16.)
c. Cash ratio. (Do not round intermediate calculations and round your answers to 2
decimal places, e.g., 32.16.)
d. Debt-equity ratio and equity multiplier. (Do not round intermediate calculations and
round your answers to 2 decimal places, e.g., 32.16.)
e. Total debt ratio. (Do not round intermediate calculations and round your answers to
2 decimal places, e.g., 32.16.)
a.
2018 current ratio
times
2019 current ratio
times
b. 2018 Quick ratio
2019 Quick ratio
times
times
times
c. 2018 Cash ratio
2019 Cash ratio
d. 2018 Debt-equity ratio
2018 Equity multiplier
2019 Debt-equity ratio
2019 Equity multiplier
times
times
times
times
times
2018 Total debt ratio
times
times
2019 Total debt ratio
Transcribed Image Text:2019 2018 2018 2019 Liabilities and Owners' Equity Current lablities Assets Current assets 88,509 $ 185,922 S 193,611 Cash $ 70,322 $ Accounts payable 81,020 132,588 Accounts receivable Notes payable 66,281 86,639 178,920 Inventory 114,322 Total $266,942 S 326,199 354,068 Total $250,925 Long term debt $229,000 S 165,750 Owners' equity Common stock and paid-in surplus Accumulated retained $226,000 $226,000 187,930 226,197 earnings Fixed assets $ 413.930 S 452.197 Net plant and equipment Total $658.947 590,078 944 146 Total liabilities and owners' $909,872 $ 944146 Total assets $909.872 S equity a. Current ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Quick ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Cash ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) d. Debt-equity ratio and equity multiplier. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) e. Total debt ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) a. 2018 current ratio times 2019 current ratio times b. 2018 Quick ratio 2019 Quick ratio times times times c. 2018 Cash ratio 2019 Cash ratio d. 2018 Debt-equity ratio 2018 Equity multiplier 2019 Debt-equity ratio 2019 Equity multiplier times times times times times 2018 Total debt ratio times times 2019 Total debt ratio
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