JP Corporation reports the following year-end balance sheet data. The company's debit ratinequals:Cash$51,000Accounts receivable 66,00071,000InventoryEquipmentTotal assets0.60Current liabilities $86.000Long-term liabilities 43.000Common stock111.000156,000Retained earnings 104,000$344,000 Total liabilities and equity $344,000O 1.36O2.19 Question 13 equals: Cash $51, 000 Currentliabilities $86, 000 Accounts receivable 66, 000 Long - term liabilities 43, 000 Inventory 71, 000Commonstock 111,000 Equipment 156, 000 Retained eamings 104000 Total assets $344, 000 Total liabilities and equity $344000 0.60 1.36 2.19 0.38 0.63 Neetings

Name: JP Corporation reports the following year-end balance sheet data. The
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Description: JP Corporation reports the following year-end balance sheet data. The company's debit ratinequals:Cash$51,000Accounts receivable 66,00071,000InventoryEquipmentTotal assets0.60Current liabilities $86.000Long-term liabilities 43.000Common stock111.000

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Question 13 equals: Cash $51,000 Currentliabilities $86, 000 Accounts receivable 66, 000 Long-term liabilities 43, 000 Inventory 71, 000 Commonstock 111,000 Equipment 156,000 Retained eamings 104000 Total assets $344,000 Total liabilities and equity $ 344000 0.60 1.36 2.19 0.38 0.63 Neetings

Question 13 equals: Cash $51,000 Currentliabilities $86, 000 Accounts receivable 66, 000 Long-term liabilities 43, 000 Inventory 71, 000 Commonstock 111,000 Equipment 156,000 Retained eamings 104000 Total assets $344,000 Total liabilities and equity $ 344000 0.60 1.36 2.19 0.38 0.63 Neetings

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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