Monty Company has been operating for several years, and on December 31, 2025, presented the following balance sheet. MONTY COMPANY Balance Sheet December 31, 2025 Cash Receivables Inventory Plant assets (net) $41,400 Accounts payable 68.580 Mortgage payable 104,520 Common stock ($1 par) 220,000 Retained earnings $434,500 $78.000 156.630 150.300 49,570 $434,500 The net income for 2025 was $26.070 Assume that total assets are the same in 2024 and 2025 Compute each of the following ratios. Round answers to 2 decimal places 159 or 45.87%)
Monty Company has been operating for several years, and on December 31, 2025, presented the following balance sheet. MONTY COMPANY Balance Sheet December 31, 2025 Cash Receivables Inventory Plant assets (net) $41,400 Accounts payable 68.580 Mortgage payable 104,520 Common stock ($1 par) 220,000 Retained earnings $434,500 $78.000 156.630 150.300 49,570 $434,500 The net income for 2025 was $26.070 Assume that total assets are the same in 2024 and 2025 Compute each of the following ratios. Round answers to 2 decimal places 159 or 45.87%)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![The net income for 2025 was $26,070. Assume that total assets are the same in 2024 and 2025.
Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%)
(a)
(b)
(c)
(d)
Current ratio
Acid-test ratio
Debt to assets ratio
Return on assets
%
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F22d3be03-b616-42ca-836e-bfd08ea4217e%2F9af40737-b968-4378-b6cd-05f1ad4a1813%2Fkhnhwkq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The net income for 2025 was $26,070. Assume that total assets are the same in 2024 and 2025.
Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%)
(a)
(b)
(c)
(d)
Current ratio
Acid-test ratio
Debt to assets ratio
Return on assets
%
%
![Monty Company has been operating for several years, and on December 31, 2025, presented the following balance sheet.
MONTY COMPANY
Balance Sheet
December 31, 2025
Cash
Receivables
Inventory
Plant assets (net)
$41,400
68.580
104,520
220,000
$434,500
Accounts payable
Mortgage payable
Common stock (51 par)
Retained earnings
$78,000
156,630
150.300
49,570
$434,500
The net income for 2025 was $26.070. Assume that total assets are the same in 2024 and 2025
Compute each of the following ratios. (Round answers to 2 decimal places, eg 1.59 or 45.87%)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F22d3be03-b616-42ca-836e-bfd08ea4217e%2F9af40737-b968-4378-b6cd-05f1ad4a1813%2Fi49enss_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Monty Company has been operating for several years, and on December 31, 2025, presented the following balance sheet.
MONTY COMPANY
Balance Sheet
December 31, 2025
Cash
Receivables
Inventory
Plant assets (net)
$41,400
68.580
104,520
220,000
$434,500
Accounts payable
Mortgage payable
Common stock (51 par)
Retained earnings
$78,000
156,630
150.300
49,570
$434,500
The net income for 2025 was $26.070. Assume that total assets are the same in 2024 and 2025
Compute each of the following ratios. (Round answers to 2 decimal places, eg 1.59 or 45.87%)
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