In 2018, C. Siw Company had the following balances:BeginningP500,000180,000EndingTotal AssetsP480,000180,000Common StockRetained Earnings120,00098,400What is the debt ratio?

Ratio analysis means where different ratio of various years of years companies has been compared and…

Answered: In 2018, C. Siw Company had the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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In 2018, C. Siw Company had the following balances: Beginning Ending Total Assets P500,000 P480,000 Common Stock Retained Earnings 180,000 180,000 120,000 98,400 What is the debt ratio?