Determine the value of Owner's Equity when Current Assets = $23,242, Current Liabilities = $12,634, Non Current Assets = $62,124, and Non Current Liabilities = $39,473.

Using the following Balance Sheet summary information, calculate for the two companies presented:working capitalcurrent ratio Company L and Company M, respectively: Current assets $124,680, $180,550. Current liabilities 63,250, 153,250.

Please solve and find Solvency ratio:   Net Income-$54,711 Depreciation- 18, 752 Short Term Liabilities-$105,392 Long Term Liabilities- $258,549

The bookkeeper for Geronimo Company has prepared the following balance sheet at 31/12/2007 Balance sheet for (Geronimo Company) at 31/12/2007 liabilities and owner equity Assets ID ID Current assets: Short-term liabilities: Bills payable 40625 Account payable (A/P) 28000 Long-Term Liabilities: bonds payable 82350 Long-term notes payable. Owners' Equity: Cash 22000 22000 Account receivable(A/R) Ending inventory Fixed assets: 35000 Machinery and equipment Intangible assets: Patents 40000 54900 Capital 155500 Total Total 274500 If you know Current assets 50% from total assets, fixed assets 30% from total assets, Intangible assets 20% from total assets, Cash 50% from Current assets R/ Complete the balance sheet

which is the effect of the following transaction on the basic accounting equation? Bought equitment for 2500$ using cash