A corporation reports the following year-end balance sheet data. The company's equity ratio equals: Cash$56,000? Current liabilities$91,000? Accounts receivable 71,000? Long-term liabilities 48,000? Inventory 76,000? Common stock 116,000? Equipment 161,000? Retained earnings 109,000? Total assets$364,000? Total liabilities and equity$364,000?
A. 1.40
B. 0.38
C. 0.62
D. 2.23
E. 0.62
Answer: C
You might also like to view...
The right of self-defense is an example of ________.
A. procedural law B. criminal law C. substantive law D. civil law
Cost allocation is the process of dividing a total cost into its fixed and variable components.
Answer the following statement true (T) or false (F)
In which of the following regions are women’s bare legs, arms, shoulders, or heads considered offensive in public?
A. Europe B. Middle East C. North America D. South America
Harrison Manufacturing Harrison Manufacturing has the following product information available: Sales price $50 per unit Variable costs $26 per unit Fixed costs $87,600 Refer to the Harrison Manufacturing information above. How many units need to be sold in order to earn a target profit of $175,000?
A) 10,942 units B) 7,292 units C) 3,642 units D) 5,252 units