The following balance sheet information is provided for Santana Company for Year 2: Assets Cash$5,400 Accounts receivable 15,500 Inventory 18,000 Prepaid expenses 1,600 Plant and equipment, net of depreciation 20,200 Land 19,950 Total assets$80,650 Liabilities and Stockholders' Equity Accounts payable$4,500 Salaries payable 11,500 Bonds payable (Due in ten years) 19,000 Common stock, no par 30,000 Retained earnings 15,650 Total liabilities and stockholders' equity$80,650 What is the company's debt to equity ratio? (Round your answers to the nearest whole percent.)
A. 130%
B. 77%
C. 43%
D. 42%
Answer: B
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Your boss, Kerry Miller, has asked you to analyze the soft drink industry using Porter's Five Forces model. Which of the following represents buyer power in the soft drink industry?
A. Pepsi requires stores that carry Pepsi products to commit to minimum orders of 1,000 cases. B. Vitamin water, fruit juice, coffee are all beverage options available to consumers. C. Walmart negotiates a lower cost per bottle from Coke in exchange for premium shelf space in every Walmart store. D. Zevia Natural Diet Soda begins selling directly over the Internet.
Knollwood Corporation issued $281,000 of 30-year, 8 percent bonds at 106 on one of its semi-annual interest dates. The straight-line method of amortization is to be used. After 11 years, what is the carrying value of the bonds?
a. $289,430 b. $289,992 c. $288,025 d. $291,678
The vehicle jack and other hand tools carried by a truck driver are examples of which type of business product?
A) repair products B) operating supplies C) maintenance products D) light equipment E) component parts