Answered>Order 16942
Current Assets 2000 2001 Cash $ 200 $ 1,000 Accounts receivable 1,600 1,000 Inventory 2,200 2,600 TOTAL CURRENT ASSETS $ 4,000 $ 4,600 Gross Fixed Assets $12,000 12,400 Less: Accum.Depreciation (6,000) (6,400) Net Fixed Assets 6,000 6,000 TOTAL ASSETS $10,000 $10,400 Liabilities and Stockholder’s equity Accounts payable $ 1,600 $ 1,800 Notes payable 1,000 1,000 Total Current liabilities $ 2,600 $ 2,800 Long-term debt 2,000 1,800 TOTAL LIABILITIES $ 4,600 $ 4,600 Stockholder’s equity Common Stock $ 4,000 $ 4,000 Retained Earnings 1,400 1,800 Total Stockholder’s equity $ 5,400 $ 5,800 TOTAL EQUITIES $10,000 $ 10,400 a. “current ratio” b. “quick (acid-test) ratio” c. “debt ratio” […]