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Jordan Inc has the following balance sheet and income statement data: Cash Receivables Inventories Total CA Net fixed assets Total assets O 65% 33.33% 42.86% $14,000 60% 70,000 280,000 $364,000 126,000 $490,000 Accounts payable Other current liabilities Total CL What is the total debt to total capital invested ratio? Long-term debt Common equity Total liab, and equity $42,000 28,000 $70,000 140,000 280,000 $490,000

Jordan Inc has the following balance sheet and income statement data: Cash Receivables Inventories Total CA Net fixed assets Total assets O 65% 33.33% 42.86% $14,000 60% 70,000 280,000 $364,000 126,000 $490,000 Accounts payable Other current liabilities Total CL What is the total debt to total capital invested ratio? Long-term debt Common equity Total liab, and equity $42,000 28,000 $70,000 140,000 280,000 $490,000

FINANCIAL ACCOUNTING
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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Jordan Inc has the following balance sheet and income statement data: Cash Receivables Inventories Total CA Net fixed assets Total assets 65% 33.33% 42.86% 60% $14,000 50% 70,000 280,000 $364,000 126,000 $490,000 Accounts payable Other current liabilities What is the total debt to total capital invested ratio? Total CL Long-term debt Common equity Total liab, and equity $42,000 28,000 $70,000 140,000 280,000 $490,000
Transcribed Image Text:Jordan Inc has the following balance sheet and income statement data: Cash Receivables Inventories Total CA Net fixed assets Total assets 65% 33.33% 42.86% 60% $14,000 50% 70,000 280,000 $364,000 126,000 $490,000 Accounts payable Other current liabilities What is the total debt to total capital invested ratio? Total CL Long-term debt Common equity Total liab, and equity $42,000 28,000 $70,000 140,000 280,000 $490,000
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