In the above financial statement, the Debt-To-Asset Ratio for 2020 is? Current AssetsCashAccounts ReceivableNotes ReceivableMerchandise InventoryPrepaid InsuranceOffice SuppliesTotal Current AssetsNon-Current AssetsLandBuildingLess: Accumulated Depreciation - BuildingVehiclesTOTAL ASSETSFUNCAR AUTO SALESStatement of Financial PositionFor the years ended June 30, 2019 and 2020ASSETSAccumulated Depreciation - VehiclesTotal Non-Current AssetsCurrent LiabilitiesLIABILITIES AND EQUITYNon-Current LiabilitiesAccount PayableInterest PayableUnearned IncomeTotal Current Liabilities92019167,850.00 P87,780.0069,900.0077,250.0016,500.009,990.00429,270.00 P1,250,000.00 D750,000.00265,000.00668,000.00104,000.002,299,000.002,728,270.00 P399,050.00 P1,270.00362,550.00762,870.00 P2020156,600.0090,800.0034,550.0064,800.008,000.0016,500.00371,250.001,250,000.00750,000.00305,000.00668,000.00138,000.002,225,000.002,596,250.00438,100.002,550.00440,650.00 [ABM22] Business Finance (Term 1, 1st Semester, SY 2023-20241,250,000.00750,000.00305,000.00668,000.00138,000.002,225,000.00LandBuildingLess: Accumulated Depreciation - BuildingVehiclesAccumulated Depreciation - VehiclesTotal Non-Current AssetsTOTAL ASSETSCurrent LiabilitiesLIABILITIES AND EQUITYAccount PayableInterest PayableUnearned IncomeTotal Current LiabilitiesNon-Current LiabilitiesNotes Payable (Long-Term)Total LiabilitiesFinn, Capital, June 30TOTAL LIABILITIES AND EQUITY1,250,000.00750,000.00265,000.00668,000.00104,000.002,299,000.002,728,270.00 P399,050.00 P1,270.00362,550.00762,870.00 P1,100,000.00865,400.002,596,250.00438,100.002,550.00In the above financial statement, the Debt-To-Asset Ratio for 2020 is440,650.001,862,870.00 P 1,390,650.00950,000.001,205,600.002,728,270.00 P 2,596,250.00

Name: In the above financial statement, the Debt-To-Asset Ratio for 2020 is?
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Description: In the above financial statement, the Debt-To-Asset Ratio for 2020 is? Current AssetsCashAccounts ReceivableNotes ReceivableMerchandise InventoryPrepaid InsuranceOffice SuppliesTotal Current AssetsNon-Current AssetsLandBuildingLess: Accumulated Depre

The debt to asset ratio is a financial metric that evaluates the proportion of a company's assets…

Answered: In the above financial statement, the…

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In the above financial statement, the Debt-To-Asset Ratio for 2020 is?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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