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Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Balance Sheet as of July 30, 2018 Assets Liabilities Current Assets Short-Term Liabilities Cash $ 1,000 Accounts Payable $ 1,000 Inventory 1,000 Short-Term Loans 500 Securities 1,000 Total Short-Term Liabilities $ 1,500 Total Current Assets $ 3,000 Total Long-Term Liabilities 1,500 Long-Term Assets 7,000 Owner's Equity $ 7,000 Total Assets $10,000 Total Liabilities and Owner's Equity $10,000
Transcribed Image Text:Balance Sheet as of July 30, 2018 Assets Liabilities Current Assets Short-Term Liabilities Cash $ 1,000 Accounts Payable $ 1,000 Inventory 1,000 Short-Term Loans 500 Securities 1,000 Total Short-Term Liabilities $ 1,500 Total Current Assets $ 3,000 Total Long-Term Liabilities 1,500 Long-Term Assets 7,000 Owner's Equity $ 7,000 Total Assets $10,000 Total Liabilities and Owner's Equity $10,000
Using Exhibit 8-11º, the balance sheet of Angelina's Jewelry Company at the end of July, which follows, calculate all four financial ratios (quick, current, debt, and debt-to- equity) for the business.
Transcribed Image Text:Using Exhibit 8-11º, the balance sheet of Angelina's Jewelry Company at the end of July, which follows, calculate all four financial ratios (quick, current, debt, and debt-to- equity) for the business.
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