• Please prepare a balance sheet according to the below information for Mac Donald restaurant in 2010. - Accounts Receivables = 40500 - Prepaid Rent = 1000 - Inventory = 31000 - Long Term Liabilities = 97500 - Retained Earnings = 10850 - Common Stock = 14350 - Trade names = 2000 - Notes Payable = 43000 - Accrued Expense = 6500 - Unearned Revenue = 2400 - Land = 100000 - Accumulated Depreciation = 2000 - Cash = 2100

• Please prepare a balance sheet according to the below information for Mac Donald restaurant in 2010. - Accounts Receivables = 40500 - Prepaid Rent = 1000 - Inventory = 31000 - Long Term Liabilities = 97500 - Retained Earnings = 10850 - Common Stock = 14350 - Trade names = 2000 - Notes Payable = 43000 - Accrued Expense = 6500 - Unearned Revenue = 2400 - Land = 100000 - Accumulated Depreciation = 2000 - Cash = 2100

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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May I ask for an explanation and solution to the question for a better understanding. Thank you! The times interest earned ratio is: a. 2.8 to 1 b. 4.8 to 1 c. 8.0 to 1 d. 9.0 to 1
I need help with preparing a balance sheet as well as statement of financial position for the question below
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