Debt to assets ratio= Total liabilities/Total assets ABC Company reported the following debt to assets ratio over the past 3 years 2019 2020 37% 34% 39% All of the following might explain the trend, EXCEPT? O The company has been paying down its debt. O The company has been acquiring new debt. O The company has been acquiring new assets without the use of debt O None of the above. 2021

Debt to assets ratio= Total liabilities/Total assets ABC Company reported the following debt to assets ratio over the past 3 years 2019 2020 37% 34% 39% All of the following might explain the trend, EXCEPT? O The company has been paying down its debt. O The company has been acquiring new debt. O The company has been acquiring new assets without the use of debt O None of the above. 2021

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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View Policies Current Attempt in Progress The following information was extracted from the accounts of Sandhill Co. at December 31, 2020: CR(DR). Total reported income since incorporation $4810000 Total cash dividends paid (2480000) Unrealized holding loss on available-for-sale securities (368000) Total stock dividends distributed (604000) Prior period adjustment, recorded January 1, 2020 226000 What should be the balance of retained earnings at December 31, 2020? O $1876000. O $ 1584000. O $ 1952000. O $ 3042800. Save for Later Attempts: 0 of 1 used Submit Answ
Please answer in good accounting form. Thankyou What is the retained earnings balance ending December 31, 2021?
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