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.
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- 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. $180,000The 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.$100,000Subject:
- 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'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. $3,000,000Assuming 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
- 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?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 0.236Based 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. 0.5If 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.If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A. 200 percent B. 50 percent C. 2.0 D. $50,000
