ANSWER Question:7Ridgeway Company has the following assets and liabilities:AssetsCashEquipmentAmount$4,000$8,500Accounts Receivable $2,800Prepaid Insurance $1,200Inventory$1,300LiabilitiesAmountAccounts Payable $6,500Notes Payable$4,000What is Ridgeway Company's total equity?

Concept of AssetsAssets are economic resources owned by a company that provide future benefits.…

Answered: Question:7 Ridgeway Company has the…

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

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Chapter1: Introduction To Accounting And Business

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Problem 4E: Accounting equation The total assets and total liabilities (in millions) of McDonalds Corporation...

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Consider this simplified balance sheet for Geomorph Trading: Current assets Long-term assets $ 245 Current liabilities Long-term debt 630 Other liabilities Equity $ 875 Required: a. What is the company's debt-equity ratio? (Hint: debt = Current liabilities, Long-term debt, and Other liabilities) Note: Round your answer to 2 decimal places. b. What is the ratio of total long-term debt to total long-term capital? Note: Round your answer to 2 decimal places. c. What is its net working capital? d. What is its current ratio? Note: Round your answer to 2 decimal places. $ 170 215 140 350 $ 875 a Debt-equity ratio b. Long-term debt-to-capital ratio c. Net working capital d. Current ratio
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= If Liabilities Equity AED 80,000, then Assets A. AED 210,000 B. AED 90,000 C. AED 150,000 D. AED 160,000
Please provide correct answer this question general accounting
Consider this simplified balance sheet for Geomorph Trading: Current assets Long-term assets $ 110 510 Net working capital $ 620 a. Debt-equity ratio b Long-term debt-to-capital ratio C. d. Current ratio a. What is the company's debt-equity ratio? (Round your answer to 2 decimal places.) b. What is the ratio of total long-term debt to total long-term capital? (Round your answer to 2 decimal places.) c. What is its net working capital? d. What is its current ratio? (Round your answer to 2 decimal places.) Current liabilities Long-term debt Other liabilities Equity $ 65 275 80 200 $ 620
What is the company's long term debt?
Consider this simplified balance sheet for Geomorph Trading: Current assets $ 120 Current liabilities $ 70 Long-term assets 520 Long-term debt 270 Other liabilities 90 Equity 210 $ 640 $ 640 Required: What is the company’s debt-equity ratio? Note: Round your answer to 2 decimal places.
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ACCOUNTING ASAP Assume the following data: EBIT = 100; Depreciation = 40; Interest = 20; Dividends = 10. Calculate the cash coverage ratio. Select one: a. 7.0x b. 4.7x c. 14.0x d. 5.0x

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Question:7 Ridgeway Company has the following assets and liabilities: Assets Cash Equipment Amount $4,000 $8,500 Accounts Receivable $2,800 Prepaid Insurance $1,200 Inventory $1,300 Liabilities Amount Accounts Payable $6,500 Notes Payable $4,000 What is Ridgeway Company's total equity?