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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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