Please see below. I really need help with this asap. Please include relevant terms and dates as needed. The debt to assets ratio measureswhether interest can be paid on debt in the current yearthe percentage of the total assets provided by creditorsthe proportion of interest paid relative to dividends paidthe company's profitability Please use the following information (pertaining to Dance Company) to answer the next two questions.Assume that all balance sheet amounts represent both average and ending balance figures. Assume that allsales were on credit.AssetsCash and short-term investments.Accounts Receivable.Inventory..Property, plant and èquipment...Total Assets.$45,000.25,000.20,000210,000$300,000Liabilities and Stockholders' Equity$50,000.90,000.160,000$300,000Current liabilities..Long-term liabilities.Stockholders' equity--common.Total Liabilities and Stockholders' EquityIncome StatementSales....Cost of Goods Sold.Gross MarginOperating Expenses..Net Income.$120,000.66,00054,00030,000$24,000Number of shares of common stock 6,000Market price of common stock $20 per shareDividends per share on common stock 0.50Cash provided by operations $40,000

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The debt to assets ratio measures whether interest can be paid on debt in the current year the percentage of the total assets provided by creditors the proportion of interest paid relative to dividends paid the company's profitability

The debt to assets ratio measures whether interest can be paid on debt in the current year the percentage of the total assets provided by creditors the proportion of interest paid relative to dividends paid the company's profitability

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter1: Introduction To Accounting And Business

Section: Chapter Questions

Problem 27E

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Question

Please see below. I really need help with this asap. Please include relevant terms and dates as needed.

The debt to assets ratio measures
whether interest can be paid on debt in the current year
the percentage of the total assets provided by creditors
the proportion of interest paid relative to dividends paid
the company's profitability

Please use the following information (pertaining to Dance Company) to answer the next two questions.
Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all
sales were on credit.
Assets
Cash and short-term investments.
Accounts Receivable.
Inventory..
Property, plant and èquipment...
Total Assets
.$45,000
.25,000
.20,000
210,000
$300,000
Liabilities and Stockholders' Equity
$50,000
.90,000
.160,000
$300,000
Current liabilities..
Long-term liabilities.
Stockholders' equity--common.
Total Liabilities and Stockholders' Equity
Income Statement
Sales....
Cost of Goods Sold.
Gross Margin
Operating Expenses..
Net Income
.$120,000
.66,000
54,000
30,000
$24,000
Number of shares of common stock 6,000
Market price of common stock $20 per share
Dividends per share on common stock 0.50
Cash provided by operations $40,000

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