The percentage of total debt to total assets for Miss Muffins’ bakery for December 31, 2017 where the assets are $1985 in cash, $4219 in accounts receivable, $2512 in merchandise inventory; the liabilities are $3483 in accounts payable, $1696 in wages payable and the owner’s capital is $3537.

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Answer 1

Question

Chapter 21.1, Problem 11SE

To determine

To calculate: The percentage of total debt to total assets for Miss Muffins’ bakery for December 31, 2017 where the assets are $1985 in cash, $4219 in accounts receivable, $2512 in merchandise inventory; the liabilities are $3483 in accounts payable, $1696 in wages payable and the owner’s capital is $3537.

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Answer 2

Question

Chapter 21.1, Problem 11SE

To determine

To calculate: The percentage of total debt to total assets for Miss Muffins’ bakery for December 31, 2017 where the assets are $1985 in cash, $4219 in accounts receivable, $2512 in merchandise inventory; the liabilities are $3483 in accounts payable, $1696 in wages payable and the owner’s capital is $3537.

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Answer 3

Question

Chapter 21.1, Problem 11SE

To determine

To calculate: The percentage of total debt to total assets for Miss Muffins’ bakery for December 31, 2017 where the assets are $1985 in cash, $4219 in accounts receivable, $2512 in merchandise inventory; the liabilities are $3483 in accounts payable, $1696 in wages payable and the owner’s capital is $3537.

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Answer 4

Question

Chapter 21.1, Problem 11SE

To determine

To calculate: The percentage of total debt to total assets for Miss Muffins’ bakery for December 31, 2017 where the assets are $1985 in cash, $4219 in accounts receivable, $2512 in merchandise inventory; the liabilities are $3483 in accounts payable, $1696 in wages payable and the owner’s capital is $3537.

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Answer 5

Chapter 21.1, Problem 11SE

To determine

To calculate: The percentage of total debt to total assets for Miss Muffins’ bakery for December 31, 2017 where the assets are $1985 in cash, $4219 in accounts receivable, $2512 in merchandise inventory; the liabilities are $3483 in accounts payable, $1696 in wages payable and the owner’s capital is $3537.

Answer 6

Chapter 21.1, Problem 11SE

To determine

To calculate: The percentage of total debt to total assets for Miss Muffins’ bakery for December 31, 2017 where the assets are $1985 in cash, $4219 in accounts receivable, $2512 in merchandise inventory; the liabilities are $3483 in accounts payable, $1696 in wages payable and the owner’s capital is $3537.

Answer 7

Chapter 21.1, Problem 11SE

To determine

To calculate: The percentage of total debt to total assets for Miss Muffins’ bakery for December 31, 2017 where the assets are $1985 in cash, $4219 in accounts receivable, $2512 in merchandise inventory; the liabilities are $3483 in accounts payable, $1696 in wages payable and the owner’s capital is $3537.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 21.1 - Prob. 1-1SC Ch. 21.1 - Prob. 1-2SC Ch. 21.1 - Prob. 1-3SC Ch. 21.1 - Prob. 1-4SC Ch. 21.1 - Prob. 2-1SC Ch. 21.1 - Prob. 2-2SC Ch. 21.1 - Prob. 2-3SC Ch. 21.1 - Prob. 2-4SC Ch. 21.1 - Prob. 3-1SC Ch. 21.1 - Prob. 3-2SC

The percentage of total debt to total assets for Miss Muffins’ bakery for December 31, 2017 where the assets are $1985 in cash, $4219 in accounts receivable, $2512 in merchandise inventory; the liabilities are $3483 in accounts payable, $1696 in wages payable and the owner’s capital is $3537.

Solution Summary: The author calculates the percentage of total debt to total assets for Miss Muffins' bakery for December 31, 2017. The assets are 1985 in cash, 4219 in accounts receivable, and 2512 in merchandise inventory.

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