Dec. 31, 2019 $4,085,000 4,300,000 Dec. 31, 2018 $2,880,000 Total liabilities Total owner's equity 3,600,000 a. Compute the ratio of liabilities to owner's equity.
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- Godo At May 31, 2019, FOR Deliveries reported the following amounts (in millions) in its financial statements:20192018Total Assets$ 70,000$ 68,000Total Liabilities46,20042,160Interest Expense736750Income Tax Expense155260Net Income7806,275 Required: 1. Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018. 2-a. In 2019, were creditors providing a greater (or lesser) proportion of financing for FOR’s assets? 2-b. In 2019, was FOR more (or less) successful at covering its interest costs, as compared to 2018?How much should be reported in the December 31, 2020 balance sheet as total liabilities? *see attached picture a. P 7,210,000b. P 7,005,000c. P 6,960,000d. P 6,672,000*see attached How much should be reported in the December 31, 2020 balance sheet as total liabilities?a. P 7,210,000b. P 7,005,000c. P 6,960,000d. P 6,672,000
- Accounts Receivable as of December 31, 2020 should amount to: *A. 180,000B. 330,000C. 525,000D. 555,000In its Dec. 31, 2020 statement of financial position, how much current liabilities should be reported? (SEE ATTACHED FOR PROBLEM) CHOICES a. P 4,000,000b. P 3,640,000c. P 3,000,000d. P 1,500,000In Set’ Dec. 31, 2020 statement of financial position, how much should be the accounts payable? *see attached a. P 1,410,000b. P 1,485,000c. P 1,462,500d. P 1,425,000
- 1. On December 31, 2021, what total amount should be reported as current liabilities?* 14% Notes payable, due 2023 Accrued rent expenses Credit balances of customers' accounts Debit balances in suppliers' accounts Estimated premium liability Mortgage payable Serial bonds payable in semi-annual installment of P200,000 Unearned subscription income 30,000 5,000 11,000 7,000 62,000 100,000 2,000,000 20,000 A. 498,000 B. 505,000 C. 198,000 D. 578,000 E. NONE OF THEMK Refer to the following list of liability balances at December 31, 2024. Accounts Payable $17,000 450 Employee Health Insurance Payable Employee Income Tax Payable 900 Estimated Warranty Payable (Due 2025) Long-Term Notes Payable (Due 2028) FICA OASDI Taxes Payable Sales Tax Payable Mortgage Payable (Due 2029) Bonds Payable (Due 2030) Current Portion of Long-Term Notes Payable What is the total amount of current liabilities? © A. $20,580 B. $32,980 OC. $19,480 OD. $21,480 1,100 34,000 1,160 870 11,000 58,000 11,500What amount of interest revenue should be recorded in 2021? *a. 490,000b. 480,000c. 438,000d. 391,800
- Refer to the following list of liability balances at December 31, 2019. Accounts Payable Employee Health Insurance Payable Employee Income Tax Payable Estimated Warranty Payable (Due 2020) Long-Term Notes Payable (Due 2022) FICA OASDI Taxes Payable Sales Tax Payable Mortgage Payable (Due 2023) Bonds Payable (Due 2024) OA. $40,000 B. $105,000 C. $49,000 te to O D. $96,000 $20,000 850 1,100 1,300 40,000 1,260 570 9,000 56,0002020 commmon size liabilities accounts payable $41,498.00 notes payable $18,064.00 2021 common size common based year 14.67% $46,484.00 6.38% $17,635.00 14.52% 5.50% 1.1201d. The interest income to Diggs Co. at December 31, 2020 is ?