Spring Company has assets and equity that amount to $260,000 and $70,000, respectively. Liabilities total a. $70,000. b. $190,000. c. $260,000. d. $330,000.
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- Mondesto Company has the following debts: Unsecured creditors . . . . . . . $230,000Liabilities with priority . . . . . 110,000Secured liabilities:Debt 1, $210,000; value of pledged asset . . . . . . . . . . . . . . . . . . . . 180,000Debt 2, $170,000; value of pledged asset . . . . . . . . . . . . . . . . . . . . 100,000Debt 3, $120,000; value of pledged asset . . . . . . . . . . . . . . . . . . . . 140,000 The company also has a number of other assets that are not pledged in any way. The creditors holding Debt 2 want to receive at least $142,000. For how much do these free assets have to be sold so that the creditors associated with Debt 2 will receive exactly $142,000?Campbell Company has current assets of $10 million of which $3,000,000 are accounts receivable. Its current liabilities total $7 million of which $2,000,000 are accounts payable and $500,000 are wages payable. Campbell's net credit is: a. $2,500,000. O b. $1,000,000. Oc. $500,000. d. $3,000,000The equity of Alliance Company is $170,000 and the total liabilities are $90,000. The total assets are OA. $340,000 B. $80,000 C. $260,000 D. $180,000
- The assets of Star Company are $160,000 and the total liabilities are $60,000. The equity is ________. A. $220,000 B. $60,000 C. $160,000 D.$100,00022. McLaughlin Corporation's statement of financial position showed the following amounts: current liabilities, $75,000; total liabilities, $100,000; total assets, $200,000. What is the total debt to total assets ratio? a.1 b.2 c.0.50 d.0.875Selected data for the Rubio Company follow:Current assets.............. $ 31,200 Current liabilities ............ $ 26,000Long-term assets ......... 185,000 Long-term liabilities........ 110,000Total revenues............. 199,000 Total expenses................. 160,000Based on these facts, what are Rubio’s current ratio and debt ratio?Current ratio Debt ratioa. 1.200 0.629b. 1.590 0.629c. 8.315 0.833d. 1.244 0.236
- Based on the following information from Repicor Company’s balance sheet, what is Repicor Company’s current ratio? Current assets . . . . . $ 75,000 Investments . . . . . . . 30,000 Plant assets . . . . . . . 300,000 Current liabilities . . . . . . $ 50,000 Long-term liabilities . . . . 60,000 D. Repicor, Capital . . . . . 295,000 a. 2.10 d. 0.95 b. 1.50 e. 0.67 c. 1.00The current ratio of Company X is 3.0. Company X has working capital of $20,000. Total current assets for Company X are: A. $6,667 B. $10,000 C. $30,000 D. $60,000'Please need answer the general accounting question
- Is the working capital $203,454, $1,026,172 or $137,053?Please show calculationA company has total assets of $350,000 consisting of current assets of $115,000, property, plant, and equipment of $200,000, and other assets of $35,000. The company has total liabilities of $100,000 consisting of current liabilities of $65,000 and other liabilities of $35,000. What is the current ratio? Oa. 5.38 Оb. 3.50 Oc. 1.77 Od. 1.15