Given the following information, what is the value of Long-Term Liabilities? Profits 9,000 = Fixed Assets = 78,000 Return on Assets = 10% Return on Equity = 25% Current Ratio = 3 The answer is within $500 of which of the following? 49,000 50,000 51,000 52,000 None of the above

Given the following information, what is the value of Long-Term Liabilities? Profits 9,000 = Fixed Assets = 78,000 Return on Assets = 10% Return on Equity = 25% Current Ratio = 3 The answer is within $500 of which of the following? 49,000 50,000 51,000 52,000 None of the above

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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Question

Given the following information, what is the value of Long-Term Liabilities?
Profits 9,000
=
Fixed Assets = 78,000
Return on Assets = 10%
Return on Equity = 25%
Current Ratio = 3
The answer is within $500 of which of the following?
49,000
50,000
51,000
52,000
None of the above

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