Horngren's Financial & Managerial Accounting, The Managerial Chapters, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (5th Edition)
5th Edition
ISBN: 9780134078922
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 15, Problem 15.24E
Using ratios to reconstruct a
The following data are adapted from the financial statements of Jim’s Shops, Inc.:
| Total Current Assets | $ 1,054,000 |
| 1,600,000 | |
| Total Liabilities | 1,480,000 |
| 0 | |
| Debt Ratio | 74% |
| 1.55 |
Prepare Jim's condensed balance sheet as of December 31, 2016.
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Chapter 15 Solutions
Horngren's Financial & Managerial Accounting, The Managerial Chapters, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (5th Edition)
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Financial ratio analysis; Author: The Finance Storyteller;https://www.youtube.com/watch?v=MTq7HuvoGck;License: Standard Youtube License