kellyeblue
Feb 21, 2010, 04:26 PM
I am giving a partially filled-out balance sheet and asked to find the missing numbers. I know that the current ratio is 1.75 and the debt to assets ratio of 45%.
Assets:
Cash 36K
Acct r'cvable ?
Inventory 63K
Prepaid expenses 13,500
Total current assets ?
Long-term:
Building 315K
Less: Accujulated depreciation 45K
Total long term 270K
Total assets ?P
Liabilities:
Current Liabilites:
Accts Payable 63K
Notes payable ?
Income tax payable 27K
Total current liabilities 120K
Long-term:
Bonds payable 67.5K
Mortgage payable ?
Total liabilites ?
Stockholders' equity:
Common Stock 135K
Retained earnings ?
Total stockholders equity ?
Total liabilities and stockholders equity ?
Assets:
Cash 36K
Acct r'cvable ?
Inventory 63K
Prepaid expenses 13,500
Total current assets ?
Long-term:
Building 315K
Less: Accujulated depreciation 45K
Total long term 270K
Total assets ?P
Liabilities:
Current Liabilites:
Accts Payable 63K
Notes payable ?
Income tax payable 27K
Total current liabilities 120K
Long-term:
Bonds payable 67.5K
Mortgage payable ?
Total liabilites ?
Stockholders' equity:
Common Stock 135K
Retained earnings ?
Total stockholders equity ?
Total liabilities and stockholders equity ?