The balance sheet for Vernon Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings. Total liabilities and stockholders' equity Required Compute the following. Note: Round ratios to 1 decimal place. Working capital Current ratio Debt-to-assets ratio. Debt-to-equity ratio % $ 243,000 761,000 $ 1,004,000 151,000 455,000 606,000 398,000 $ 1,004,000

The balance sheet for Vernon Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings. Total liabilities and stockholders' equity Required Compute the following. Note: Round ratios to 1 decimal place. Working capital Current ratio Debt-to-assets ratio. Debt-to-equity ratio % $ 243,000 761,000 $ 1,004,000 151,000 455,000 606,000 398,000 $ 1,004,000

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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O PowerPoint O from Towards a O Mail - Edjouline X E Content - ACG: X * CengageNOWv. x D (58) YouTube v2 cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator=assignment-take&inpro. Q < * * C WouTube O Maps ANKSHEET Entries for Notes Receivable Spring Designs & Decorators issued a 120-day, 4% note for $60,000, dated April 13 to Jaffe Furniture Company on account. Assume a 360-day year when calculating LANKSHEET interest. LGO a. Determine the due date of the note. LGO b. Determine the maturity value of the note. cl. Journalize the entry to record the receipt of the note by Jaffe Furniture. c2. Journalize the entry to record the receipt of payment of the note at maturity. If an amount box does not require an entry, leave it blank. 24 068 s: 912 items Previous Next 回习 9 O 11:49
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