Need help with this question The equity of Alliance Company is$100,000 and the total liabilitiesare $10,000. The total assets area. $200,000.b. $20,000.c. $90,000.d. $110,000.

To determine the total assets, we use the accounting equation: Assets=Liabilities+Equity Given: •…

Answered: The equity of Alliance Company is…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...

See similar textbooks

Similar questions

The equity ofAlliance Company is $100,000 and the total liabilities are $90,000. The total assets are O A. $190,000 O B. $10,000 O C. $200,000 D. $180,000
Subject:
The 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'
Sunny Disposition, Inc. has net working capital of $32,500, current assets of $59,000, equity of $74,500, and long-term debt of $42,500. What is the amount of the net fixed assets? a. $58,000 b. $111,000 c. $94,600 d. $63,900 e. $84,500
Subject: acounting
Assuming a business entity has a total asset of 25,000,000 its total liabilities is 1/3 of the said amount. How much is the equity? 16,000,000,00 16,666,666.67 13,333,333.33 13,000,000.00
Dhapa
Selected 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
What is the amount of the net fixed assets?
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. 1.00
Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels current ratio? a. 3 c. 1 b. 2 d. 0.5
If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity is: A. $32,000. B. $(32,000). C. $(8000). D. $8,000.

SEE MORE QUESTIONS

Recommended textbooks for you

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

Survey of Accounting (Accounting I)

Accounting

ISBN:

9781305961883

Author:

Carl Warren

Publisher:

Cengage Learning

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

Survey of Accounting (Accounting I)

Accounting

ISBN:

9781305961883

Author:

Carl Warren

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

The equity of Alliance Company is $100,000 and the total liabilities are $10,000. The total assets are a. $200,000. b. $20,000. c. $90,000. d. $110,000.