FINANCIAL ACCT-CONNECT
FINANCIAL ACCT-CONNECT
8th Edition
ISBN: 9781266627903
Author: Wild
Publisher: INTER MCG
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Question: Based on the Adjusted Trial Balance and Additional Info shown below, what is the ending balance as of 12/31 for the Retained Earnings column as shown on the Statement of Stockholders' Equity you prepared on your scratch paper? Adjusted Trial Balance As of 12/31/20OXX Account Balance Accounts Cash $25,126 Accounts Receivable 24,500 Allowance for Uncollectible 3,504 Accounts Inventory Accounts Payable 35,000 10,144 Common Stock 40,198 Retained Earnings Dividends 15,172 5,000 Revenue 75,000 Sales Discounts 1,500 40,000 5,000 Cost of Goods Sold Salaries Expense Interest Expense 4,000 Income Tax Expense 3.000 Question:Based on the Adiusted Trial Balance and Additional Info shown helow what is ch ASUS f3 f4 f5 f6 f9 f10 f11 f7 f8 ロ/東 因
Ratio of liabilities to stockholders’ equity The following data were taken from Alvarado Company’s balance sheet:     Dec. 31, 20Y4   Dec. 31, 20Y3 Total liabilities   $4,465,000   $2,625,000 Total stockholders’ equity   4,700,000   3,500,000 a. Compute the ratio of liabilities to stockholders’ equity for each year. Round your answers to 2 decimal places.Dec. 31, 20Y4 Dec. 31, 20Y3  b. Has the creditor’s risk increased or decreased from December 31, 20Y3, to December 31, 20Y4 I don't know how to find the A
Ratio of liabilities to stockholders’ equityThe following data were taken from Alvarado Company’s balance sheet:   Dec. 31. 20Y4 Dec. 31, 20Y3 Total liabilities $4,085,000 $2,880,000 Total stockholders’ equity 4,300,000 3,600,000 a. Compute the ratio of liabilities to stockholders’ equity for each year.b. Has the creditor’s risk increased or decreased from December 31, 2013, to December 31,20Y4?

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FINANCIAL ACCT-CONNECT

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The KEY to Understanding Financial Statements; Author: Accounting Stuff;https://www.youtube.com/watch?v=_F6a0ddbjtI;License: Standard Youtube License