At the end of a recent year, Kuwait Cleaning Services (KCS), had total assets of KD 3,630 and equity of KD 2,280. How much were KCS's liabilities? A. KD 5,910 B. KD 3,630 C. KD 1,350 D. KD 2,280 E. KD 4,980

At the end of a recent year, Kuwait Cleaning Services (KCS), had total assets of KD 3,630 and equity of KD 2,280. How much were KCS's liabilities? A. KD 5,910 B. KD 3,630 C. KD 1,350 D. KD 2,280 E. KD 4,980

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...

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How much were KCS's liabilities on these general accounting question?

At the end of a recent year, Kuwait Cleaning Services (KCS), had total
assets of KD 3,630 and equity of KD 2,280.
How much were KCS's liabilities?
A. KD 5,910
B. KD 3,630
C. KD 1,350
D. KD 2,280
E. KD 4,980

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