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…

Cornerstones of Financial Accounting

4th Edition

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Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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Balance Sheet for Dex Company and Ed Company on December 31, 2023 are as follows: Dex Company Ed Company Cash P850,000 P75,000 Other Assets 2,200,000 425,000 Total Assets P3,050,000 P500,000 Liabilities P1,200,000 P100,000 Common Stock, P50 par 2,000,000 - Common Stock, P10 par - 250,000 Additional Paid-in Capital 500,000 - Retained Earnings (600,000) 150,000 Total Liabilities and Equity P3,050,000 P500,000 On this date, Dex Company acquired 80% of the stock of Ed Company. Instructions: Prepare a consolidated balance sheet and the eliminating entries as of December 31, 2023, under each set of conditions listed below. Subsidiary stock is acquired by exchanging 5,000 shares of Dex Company stock. The investment is recorded at the par value of the stocks issued.
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