Red Corporation has $2,000,000 in total liabilities and 3,500,000 in total assets as of December 31, 2012. Of Red's Total liabilities, $350,000 is long- term. Calculate Red's debt to assets ratio and its long-term debt to equity ratio.

Red Corporation has $2,000,000 in total liabilities and 3,500,000 in total assets as of December 31, 2012. Of Red's Total liabilities, $350,000 is long- term. Calculate Red's debt to assets ratio and its long-term debt to equity ratio.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...

See similar textbooks

Related questions

Q: Chapter 6

A: Compute the direct materials and direct labor first.Direct materials = Raw materials issued to the…

Q: Please solve this accounting problem not use ai

A: Step 1: Define Simple Rate of ReturnThe simple rate of return is calculated by dividing the…

Q: Need help the general accounting question

A: Step 1: Define Net IncomeWithin a company, net income represents its after-tax earnings during a tax…

Q: Please given correct answer general accounting

A: Step 1: Define DepreciationThe value of an asset, such as equipment, vehicles, or buildings,…

Q: Please given correct answer general accounting

A: Step 1: Define Net SalesNet sales are a company's revenue after deducting discounts, returns, and…

Q: General account question

A: Step 1: Define BudgetingBudgeting refers to forecasting costs and revenues for future periods and…

Q: How does operational efficiency measurement differ from financial metrics? a) Process effectiveness…

A: Explanation of Operational EfficiencyOperational efficiency refers to the ability of an organization…

Q: Hello tutor please provide correct answer this general Accounting question

A: Step 1: Define High-Low MethodIt is an accounting approach used by managers to spilt the overall…

Q: Oceanic Boat works manufactures boat hulls at a cost of... Please solve this general accounting…

A: Step 1: Net Benefit (Cost)Net Benefit (Cost) is a financial metric that measures the overall value…

Q: Novak Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an…

A: To determine the inventory amount for Novak Company under the lower-of-cost-or-market (LCM) rule,…

Q: The Talley Corporation had a taxable income of $365,000 from operations after all operating costs…

A: Given Information:Operating Income = $365,000Interest Charges = $50,000Dividends Received =…

Q: Posted in General account

A: Step 1: High-Low MethodThe High-Low Method identifies the variable cost per unit first. Then, we…

Q: On august 1,2013, corporation acceptd a solve this general Accounting question

A: Step 1: Define Accounts ReceivableAccount receivables are those amount of money which is pending…

Q: During FY 2022 Munjya Manufacturing had total manufacturing costs are $408,000. Their cost of goods…

A: Explanation of Manufacturing Costs: Manufacturing costs represent all expenses directly involved in…

Q: Ingram company manufactures sole this general Accounting question

A: Identify the high and low points.High point:Units = 3,552 desksTotal cost = $83,771Low point:Units =…

Q: 16 At year end, other comprehensive income is closed out to Select one: a.share capital.…

A: At year-end, other comprehensive income (OCI) is closed to the accumulated other comprehensive…

Q: Answer?? Financial accounting questions

A: Given:Initial price (P₀) = $54Dividend (D) = $1.30Ending price (P₁) = $641. Dividend YieldThe…

Q: Financial Accounting

A: Step 1: Define Capital GainCapital gain is the profit earned by selling an asset. In practice, if…

Q: The following information pertains to Ramesh Company for the current year: Book income before income…

A: Given Information:Book Income Before Income Taxes = $106,000Income Tax Expense = $45,500Income Taxes…

Q: The Rolling Department of Kraus Steel Company had 2,000 tons in beginning work in process inventory…

A: Step 1: Key InformationBeginning Work in Process Inventory (WIP):2,000 tons (80% complete,…

Q: Santa Fe Corporation has computed the following unit costs for the year just: Direct material used…

A: To determine the per-unit cost of inventory under both variable costing and absorption costing, we…

Q: The output of a company assembly answer this general accounting question

A: Step 1: Definition of weighted-average methodUnder the weighted-average method, the total equivalent…

Q: Solve to my general account questions

A: Problem BreakdownWe need to calculate the equivalent units for materials for Train Company,…

Q: What is the difference between fiscal and monetary policy? Give examples of each.

A: Fiscal policy refers to the use of government revenue collection (mainly taxes) and expenditure…

Q: A-18

A: Option a: This option is correct because in non-profit accounting, the classification of restricted…

Q: Solve this financial Accounting Question issue

A: Step 1: Define Gift TaxThe tax on gifts of cash made by live individuals or firms is known as a gift…

Q: Alpine manufacturing product ski equipment solve this general accounting

A: Step 1: Definition of Manufacturing OverheadManufacturing overhead includes all indirect costs…

Q: Need help with this question solution general accounting

A: Step 1: Define PatentThe patent is one of the intangible assets of the business because it has no…

Q: Need solution for this general account query

A: To determine the unit product cost under variable costing, let's break the problem into clear steps.…

Q: The practice of matching Select one: a.requires arbitrary allocation of an asset’s…

A: The matching principle in accounting is a fundamental concept that dictates how companies record…

Q: Wanted This General Account solution ASAP

A: Step 1: Given Information - Unit Information: - Beginning WIP: 4,000 units. - Units started into…

Q: I don't need ai answer accounting questions

A: Step 1: Define Estimating Manufacturing CostIn order to estimate the total manufacturing cost at…

Q: Grain Company had no beginning inventory and adds all materials at the very beginning of its only…

A: Step 1: Given that, Number of units process started = 88,000 Percentage of units completed = 65%…

Q: What is the amount of corporate tax the company must pay for this accounting question?

A: Step 1: Define Corporate TaxCorporate tax is a direct tax imposed by the government on the net…

Q: Need help with this general accounting question

A: To calculate the Debt-to-Equity Ratio, the formula is: Debt-to-Equity Ratio = Total Liabilities ÷…

Q: 4 points financial accounting

A: Explanation of Measurement Attributes: Measurement attributes are the specific characteristics or…

Q: Need help

A: The dividend yield represents the portion of the total return that investors earn through dividends…

Q: Give correct answer the accounting question

A: Step 1: Definition of EquityEquity is the residual interest in the assets of a company after…

Q: Provide correct answer

A: Step 1: Define Net Income or LossNet income or loss is determined in the income statement by taking…

Q: Iris Company has provided the following information regarding two of its items of inventory at…

A: To determine the ending inventory using the lower of cost or net realizable value (LCNRV) on an…

Q: General Accounting Question please answer do fast

A: Step 1: Define Gross ProfitGross Profit is the amount a company earns from its core business…

Q: Answer??

A: Step 1: Define Net IncomeNet income is the amount earned by a business that is left after paying…

Q: Hi expert please provide correct answer general Accounting

A: Step 1: Calculate the total units to be producedStart with the desired ending inventory: 3,500…

Q: 6 Kingsman Inc. is developing a new process that it plans to sell. During 2019 and 2020, the…

A: As it is given, due to a lack of financial resources, the company would not be able to complete the…

Q: Hello teacher please help me Accounting question solution

A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a financial ratio that…

Q: Provide correct answer general accounting

A: Step 1: Define The Balance SheetThe balance sheet is a statement of permanent accounts, which are…

Q: Subject - General Account:-Mogul Company ships merchandise to Ski Outfit in a consignment…

A: Determine the inventory value that Mogul Company will report at year-end, we focus on the inventory…

Q: Tutor help me to answer this questions

A: Step 1: Key Information RecapFrom the problem:Beginning Inventory: 27,000 units, 100% complete as to…

Q: The following information is available for Remmers Corporation for 2010. 1. Depreciation reported on…

A: Step 1:Taxable Income is the amount of gross income earned by the person on which the person has to…

Q: What is the firm's return on equity on these general accounting question?

A: Step 1: Return on Equity (ROE)Return on Equity (ROE) is a profitability ratio that measures a…

Question

Hi expert please give me answer general accounting question

Red Corporation has $2,000,000 in total liabilities
and 3,500,000 in total assets as of December 31,
2012. Of Red's Total liabilities, $350,000 is long-
term. Calculate Red's debt to assets ratio and its
long-term debt to equity ratio.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Suppose that for 2010 Aquarius company's current assets totaled $60,000; total assets totaled 470,000; current liabilities totaled 72,000; and total liabilities totaled $430,000. Calculate the debt-to-equity ratio for Aquarius for 2010. Calculate the debt-to-equity ratio for Aquarius for 2010. (round your answer to three decimal places.)
The Lawrence Company has a ratio of long term debt to long term debt plus equity of .39 and a current ratio of 1.7. Current liabilities are 950, sales are 6370, profit margin is 9.8 percent, and ROE is 20 percent. What is the amount of the firms net fixed assets?
Sunland Company has total assets of $4,300,000,000 and a debt ratio of 37.0 percent. Calculate the company’s debt-to-equity ratio and equity multiplier. (Round answers to 2 decimal places, e.g. 12.55.)
Jessica Company has total assets of P180,000 and total liabilities of P54,000. Jessica's debt-to-equity ratio is closest to * Choices: 2.3. .32. .30. .43.
The lawrence company has a ratio of long term debt to long term debt plus equity of .25 and a current ratio of 1.5. current liabilities are 900, sales are 6230 , profit margin is 8.1 percent what is the amount of the firms net fixt assets ?
Please help me with show all calculation thanku
Stride Rite has total assets of $425 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate the debt ratio. a. 38.6% b. 13.4% c. 34.9% d. 25.9% e. 14.9%
What is the debt to equity ratio for the general accounting question ?
Suppose that for 2010 Aquarius company's current assets totaled $60,000; total assets totaled 470,000; current liabilities totaled 72,000; and total liabilities totaled $430,000. Calculate the debt-to-equity ratio for Aquarius for 2010. Calculate the debt-to-equity ratio for Aquarius for 2010. (round your answer to three decimal places.) Prepare the Stockholder's Equity section of the Balance sheet given the following information: Preferred Stock $500,000Paid In Capital in Excess of Par P/S $10,000 Common Stock $700,000 Paid in Capital in Excess of Par C/S $200,000 Retained Earnings $40 0,000 Treasury Stock $40,000 Paid in Capital from Sale of Treasury Stock $5,000 What is the total stockholders' equity based on the following account balances? Common Stock $450,000 Paid-in Capital in Excess of Par $90,000 Retained Earnings Treasury Stock a. $740,000 b. $730,000 c. $720,000 d. $640,000 $190,000 $10,000
The Texas Rustler has total assets of $645,563 and an equity multiplier of 1.22. What is the debt-equity ratio?
What is the weighted average cost of debt for SNA using the book value weights and using the market value weights? Book Value of Debt, i.e asset value of the debt in the company's financial books of accounts Book value of the debt = Long term Debt + Notes Payable + Current portion of the long term debt = $1182,000,000+ $269,000,000+ $223,000,000 =$1674,000,000 So then what about the market value? Also where the values $1182,000,000+ $269,000,000+ $223,000,000to calculate the Book value of the debt is coming from?
The Rossdale Company has a ratio of long-term debt to long-term debt plus equity of .34 and a current ratio of 1.29. Current liabilities are $1,450, sales are $7,380, profit margin is 8.1 percent, and ROE is 14.3 percent. What is the amount of the firm’s net fixed assets? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)