2019 2020 2019 2020 ash $2,000 $1,600 Accounts payable $4,000 $3,500 Ccounts receivable $4,200 $4,500 Utilities payable $800 $1,500 iventory $2,600 $4,000 Salaries payable $2,200 $2,600 repaid rent $800 $500 Notes payable $10,000 $9,000 quipment $16,000 $16,000 Interest payable $600 $900 ccum. depreciation ($2,200) ($2,800) Common stock $10,000 $10,000 and $10,000 $6,500 Retained earnings $5,800 $2,800 $33,400 $30,300 $33,400 $30,300 iven the above information, approximately how much was the debt-to-equity ratio for 2020? 1.224 1.231 1.227 O 1.113 O 1.367
2019 2020 2019 2020 ash $2,000 $1,600 Accounts payable $4,000 $3,500 Ccounts receivable $4,200 $4,500 Utilities payable $800 $1,500 iventory $2,600 $4,000 Salaries payable $2,200 $2,600 repaid rent $800 $500 Notes payable $10,000 $9,000 quipment $16,000 $16,000 Interest payable $600 $900 ccum. depreciation ($2,200) ($2,800) Common stock $10,000 $10,000 and $10,000 $6,500 Retained earnings $5,800 $2,800 $33,400 $30,300 $33,400 $30,300 iven the above information, approximately how much was the debt-to-equity ratio for 2020? 1.224 1.231 1.227 O 1.113 O 1.367
Chapter4: Operating Activities: Sales And Cash Receipts
Section: Chapter Questions
Problem 4.12C
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning