Given the following Year 9 selected balance sheet data: Assets $136,000 255,000 230,000 $485,000 Cash on Hand Total Current Assets Total Fixed Asset Investments Total Assets Liabilities and Shareholder Equity Accounts Payable Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Loans Total Current Liabilities $ 66,000 10,000 17,000 93,000 46,000 139,000 Long-Term Bank Loans Total Liabilities Year 8 Year 9 Shareholder Equity: Balance Change Common Stock (at a par value of $0.50 per share Additional Capital Retained Earnings Total Shareholder Equity Total Liabilities and Shareholder Equity 10,050 81,500 162,450 254,000 10,050 81,500 254,450 346,000 $485,000 92,000 +92,000 Based on the above figures and the definition of the debt:equity percentages (or debt%:equity presented in the Help section for p. 5 of the Camera and Drone Journal, the company debt:equity percentages (rounded to 2 decimal places) and its current ratio are:
Given the following Year 9 selected balance sheet data: Assets $136,000 255,000 230,000 $485,000 Cash on Hand Total Current Assets Total Fixed Asset Investments Total Assets Liabilities and Shareholder Equity Accounts Payable Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Loans Total Current Liabilities $ 66,000 10,000 17,000 93,000 46,000 139,000 Long-Term Bank Loans Total Liabilities Year 8 Year 9 Shareholder Equity: Balance Change Common Stock (at a par value of $0.50 per share Additional Capital Retained Earnings Total Shareholder Equity Total Liabilities and Shareholder Equity 10,050 81,500 162,450 254,000 10,050 81,500 254,450 346,000 $485,000 92,000 +92,000 Based on the above figures and the definition of the debt:equity percentages (or debt%:equity presented in the Help section for p. 5 of the Camera and Drone Journal, the company debt:equity percentages (rounded to 2 decimal places) and its current ratio are:
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
Related questions
Question

Transcribed Image Text:Given the following Year 9 selected balance sheet data:
Assets
Cash on Hand
$136,000
255,000
230,000
$485,000
Total Current Assets
Total Fixed Asset Investments
Total Assets
Liabilities and Shareholder Equity
Accounts Payable
Overdraft Loan Payable
1-Year Bank Loan Payable
Current Portion of Long-Term Loans
Total Current Liabilities
$ 66,000
10,000
17,000
93,000
46,000
139,000
Long-Term Bank Loans
Total Liabilities
Year 8
Year 9
Shareholder Equity:
Balance
Change
Common Stock (at a par value of $0.50 per share
Additional Capital
Retained Earnings
Total Shareholder Equity
Total Liabilities and Shareholder Equity
10,050
81,500
162,450
254,000
10,050
81,500
254,450
346,000
$485,000
92,000
+92,000
Based on the above figures and the definition of the debt:equity percentages (or debt%:equity%)
presented in the Help section for p. 5 of the Camera and Drone Journal, the company's
debt:equity percentages (rounded to 2 decimal places) and its current ratio are:
Copyright © by Glo-Bus Software, Inc. Copying, distributing, or 3rd party website posting isexpressly prohibited and constitutes copyright violation.
09:91 and 2.48.
38:62 and 2.48.
19:81 and 1.83.
40:60 and 2.74.
29:71 and 2.74.
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images

Recommended textbooks for you

Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,



Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,



Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,

Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education