Title: The 2021 and 2022 balance sheets for Ottoman Manufacturing Company appear below:20212022Current ...
Post by: Bootyshaker on Feb 5, 2023
The 2021 and 2022 balance sheets for Ottoman Manufacturing Company appear below: | Current Assets | | | | Cash | $ 16,000 | $ 15,000 | | Accounts receivable, net | 20,000 | 19,000 | | Inventory | 30,000 | 28,000 | | Total current assets | 66,000 | 62,000 | | Plant & equipment, net | 60,000 | 40,000 | | Total assets | $126,000 | $102,000 | | | | | | Current liabilities | $ 20,000 | $ 30,000 | | Noncurrent liabilities | 60,000 | 40,000 | | Total liabilities | 80,000 | 70,000 | | Stockholders' equity | | | | Common stock | 2,000 | 2,000 | | Additional paid-In capital | 4,000 | 4,000 | | Retained earnings | 40,000 | 26,000 | | Total stockholders' equity | 46,000 | 32,000 | | Total liabilities and stockholders' equity | $126,000 | $102,000 |
What is the debt ratio for 2022? ▸ 68.6% ▸ 61.4% ▸ 100% ▸ 39.2%
Title: The 2021 and 2022 balance sheets for Ottoman Manufacturing Company appear below:20212022Current ...
Post by: eeemmm on Feb 5, 2023
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