Alpha Company provided the following balance sheet for Year 2: Assets Cash$5,400 Accounts receivable 15,500 Inventory 18,000 Prepaid expenses 1,600 Plant and equipment, net of depreciation 25,000 Land 19,950 Total assets$85,450 Liabilities and Stockholders' Equity Accounts payable$4,500 Salaries payable 11,500 Bonds payable (due in ten years) 10,000 Common stock, no par 30,000 Retained earnings 29,450 Total liabilities and stockholders' equity$85,450 What is the company's plant assets to long-term liabilities ratio?
A. 2.5
B. 1.7
C. 4.5
D. None of these answers are correct.
Answer: A
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When employees are dealing with a chronic complainer (the "customer from hell"), it is important to:
A) force the customer to pose a solution, especially if he or she does not like yours. B) repeatedly apologize. C) accept their interpretation of the problems without questioning it. D) All of the above.
The price-earnings ratio is calculated by dividing:
A. Dividends per share by market value per share. B. Earnings per share by par value per share. C. Market value per share by earnings per share. D. Market value per share by dividends per share. E. Dividends per share by earnings per share.
Adjusting entries may increase or decrease balances in balance sheet accounts and income statement accounts
Indicate whether the statement is true or false
Swan Company has a direct labor standard of 15 hours per unit of output. Each employee has a standard wage rate of $14 per hour. During March, employees worked 13,100 hours. The direct labor rate variance was $9,170 favorable, and the direct labor efficiency variance was $15,400 unfavorable. What was the actual payroll?
A. $192,570 B. $168,000 C. $183,400 D. $174,230