FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Please solve this general accounting question not use
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- Please solve this problemarrow_forwardFind the following using the data bellow a. Accounts receivable B. Current assets C. Total assets D. Return on assets E. Common equity F. Quick ratioarrow_forwardDetermine the missing amount for each of the following: Assets = Liabilities + Owner's equity a. x = $556,000 + $3,374,000 b. $6,111,200 = x + $5,725,000 c. $2,150,000 = $812,500 + xarrow_forward
- Assets - Liabilities = Owner's Equity $81, 600 $17,000 ? 430,185 ? $373,065 44,625 42,917 ? ? 591,600 843,285 974,534 ? 319,439 Calculate the missing values indicated with a ?arrow_forwardCompute the Quick ratio if Current Assets: 10.354; Current Liabilities: 6.615; Inventory: 5.767; Cash: 1.013.a) 0.69 timesb) 0.75 timesc) 0.72 timesd) 0.15 timesarrow_forwardDetermine the value of Liabilities when Assets = $96,496 and Owner's Equity is $61,707.arrow_forward
- Look for the assets. Typewritten.arrow_forwardWhat is the dollar amount of total assets on these general accounting question?arrow_forward1. If current assets amounted to P600,000 and current liabilities amounted to P200,000, what is the current ratio of the entity? *a. P800,000b. P400,000c. 3d. 1/3 3. If net sales is P200,000 and the average accounts receivable is P50,000, what is the accounts receivable turnover ratio? *a. 4b. 1/4c. P150,000d. P250,000 5. If total assets amounted to P800,000 and total liabilities amounted to P200,000, what is the debt to equity ratio? *a. 4b. 0.3333c. 0.25d. 3arrow_forward
- Consider this simplified balance sheet for Geomorph Trading: Current assets Long-term assets $ 110 510 Net working capital $ 620 a. Debt-equity ratio b Long-term debt-to-capital ratio C. d. Current ratio a. What is the company's debt-equity ratio? (Round your answer to 2 decimal places.) b. What is the ratio of total long-term debt to total long-term capital? (Round your answer to 2 decimal places.) c. What is its net working capital? d. What is its current ratio? (Round your answer to 2 decimal places.) Current liabilities Long-term debt Other liabilities Equity $ 65 275 80 200 $ 620arrow_forwardCompute the missing amounts in the following table:arrow_forwardWhat is the value of the current liabilities?arrow_forward
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