Solve these accounting question The balance sheet for Parker Inc. at the end of the first year of operations indicates thefollowing:2009Total current assets$600,000Total investments85,000Total property, plant, and equipment900,000Current portion of long-term debt250,000Total long-term liabilities350,000Common stock, $10 par600,000Paid-in capital in excess of par common stock 60,000Retained earnings325,000What is the long-term debt to total assets ratio for 2009 (rounded to one decimal place)?a. 37.9%.b. 40.0%.c. 22.1%.d. 41.7%.

Step 1: Define Long-Term DebtLong-term debt refers to a company's liabilities that are due in the…

Answered: The balance sheet for Parker Inc. at…

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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Beverly Company provides the following information for the year 2020: January 1 December 31 Total Assets P10,000,000 15,000,000 Total Liabilities 4,000,000 7,000,000 Share Capital 3,000,000 Share Premium 1,000,000 Retained Earnings ? ? During the year, the Company issued share capital of P2,000,000 at a premium of P400,000. Dividends of P1,600,000 were paid on December 10, 2020. Determine the amount of net income or loss for the year ended 2020 A. P1,200,000 income B. P1,800,000 loss C. P1,200,000 loss D. P1,800,000 income
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Sunny Day Manufacturing Company Co.'s addition to earnings for this year is expected to be $857,000. Its target capital structure consists of 50% debt, 5% preferred, and 45% equity. Determine Sunny Day Manufacturing Company's retained earnings breakpoint: O $1,904,444 $1,714,000 O $2,380,555 O $2,094,888
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