General accounting Consider this simplified balance sheet for Geomorph Trading:Current assets $185 $43 Current liabilitiesLong-term assets $585 $250 Long-term debt$53 Other liabilities$424 Equity$770 $770Calculate the ratio of debt to equity.

Step 1: Definition of Debt to EquityThe debt to equity ratio shows the composition of debt and…

Answered: Consider this simplified balance sheet…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...

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what is the answer of a?
Find the following using the data bellow a. Accounts receivable B. Current assets C. Total assets D. Return on assets E. Common equity F. Quick ratio
Calculate the following for Co. XYZ: a. Current ratio b. Debt ratio Assets: Cash and marketable securities $400,000 Accounts receivable 1,415,000 Inventories 1,847,500 Prepaid expenses 24,000 Total current assets $3,686,500 Fixed assets 2,800,000 Less: accumulated depreciation 1,087,500 Net fixed assets $1,712,500 Total assets $5,399,000 Liabilities: Accounts payable $600,000 Notes payable 875,000 Accrued taxes Total current liabilities $1,567,000 Long-term debt 900,000 Owner's equity Total liabilities and owner's equity Co. XYZ Income Statement: Net sales (all credit) $6,375,000 Less: Cost of goods sold 4,375,000 Selling and administrative expense 1,000,500 Depreciation expense 135,000 Interest expense Earnings before taxes $765,000 Income taxes Net income Common stock dividends $230,000 Change in retained earnings
Assets: Cash Accounts receivable (net) Investments Inventory Prepaid rent Total current assets Property & Equipment, (net) Total assets $66 179 55 200 28 528 264 $792 Liabilities and Stockholder's Equity: Accounts payable Other liabilities Total current liabilities Long-term liabilities Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity What is the debt to equity ratio? (Round your answer to two decimal places.) $246 81 327 118 445 156 191 347 $792
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We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $2,068,000 150,000 923,000 763,000 a. Accounts receivable b. Marketable securities c. Capital assets. d. Long-term debt $ Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: LA LA LA $ $ 1.00 times 2.60 times $ 40 % 4 times 517000
Please help with this question
The debt to equity ratio is expressed as a. Total Liabilities Total Equity. b. Operating Income Interest Expense. c. Total Liabilities + Total Assets. d. Long-Term Debt Total Equity.
Determine the following: (a) debt ratio, (b) ratio of fixed assets to long-term liabilities, (c) ratio of liabilities to stockholders' equity, (d) asset turnover, (e) return on total assets, (f) return on stockholders' equity, and (g) return on common stockholders' equity. Round to two decimal places. a. Debt ratio b. Ratio of fixed assets to long-term liabilities C. Ratio of liabilities to stockholders' equity d. Asset turnover e. Return on total assets f. Return on stockholders' equity g. Return on common stockholders' equity 23.08✔ % 1.4 ✓ 0.3 ✔ 2.97 X % % %
Calculate the dividend payout ratio.
use the information to make a common size balance sheet
A company's balance sheet has the following account values: current assets $625; current liabilities $550; fixed assets $1,580; and long-term debt $700. What is the value of equity? 330 1655 1505 955 625

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Consider this simplified balance sheet for Geomorph Trading: Current assets $185 $43 Current liabilities Long-term assets $585 $250 Long-term debt $53 Other liabilities $424 Equity $770 $770 Calculate the ratio of debt to equity.