2019 2018 2019 2018 Liabilities and Owners' Equity Current labities Assets Current assets 88,509 $ 185,922 S 193,611 Cash $ 70,322 S Accounts payable 81,020 132,588 Accounts receivable 66,281 86,639 Notes payable 178,920 Inventory 114,322 Total $266,942 S 326,199 354,068 Total $250,925 Long term debt $229,000 S 165,750 Owners' equity Common stock and paid-in surplus Accumulated retained $226,000 $226,000 187,930 226,197 earnings Fixed assets $ 413.930 S 452.197 Net plant and equipment Total $658.947 590,078 944 146 Total liabilities and owners' $909,872 $ 944146 Total assets $909.872 S equity a. Current ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Quick ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Cash ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) d. Debt-equity ratio and equity multiplier. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) e. Total debt ratio. (Do not round intermediate calculations and round your answers to
2019 2018 2019 2018 Liabilities and Owners' Equity Current labities Assets Current assets 88,509 $ 185,922 S 193,611 Cash $ 70,322 S Accounts payable 81,020 132,588 Accounts receivable 66,281 86,639 Notes payable 178,920 Inventory 114,322 Total $266,942 S 326,199 354,068 Total $250,925 Long term debt $229,000 S 165,750 Owners' equity Common stock and paid-in surplus Accumulated retained $226,000 $226,000 187,930 226,197 earnings Fixed assets $ 413.930 S 452.197 Net plant and equipment Total $658.947 590,078 944 146 Total liabilities and owners' $909,872 $ 944146 Total assets $909.872 S equity a. Current ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Quick ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Cash ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) d. Debt-equity ratio and equity multiplier. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) e. Total debt ratio. (Do not round intermediate calculations and round your answers to
Chapter13: Tax Credits And Payment Procedures
Section: Chapter Questions
Problem 25P: LO.2 Oak Corporation has the following general business credit carryovers. If the general business...
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