FINANCIAL ACCOUNTING FUNDAMENTALS W/CO
FINANCIAL ACCOUNTING FUNDAMENTALS W/CO
5th Edition
ISBN: 9781259695759
Author: Wild
Publisher: McGraw-Hill Publishing Co.
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Chapter 2, Problem 8BTN

1.

To determine

Prepare the balance sheet as of December 31, 2015 for Company M.

2.

To determine

Ascertain the debt ratio and return on assets ratio of Company M.

3.

To determine

Explain whether the prospects of $30,000 bank loan are good or not.

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