## Question

###### Question 6 Next> < Previous Given the following Year 9 selected balance sheet data: Assets $126,000...

Question 6 Next> < Previous Given the following Year 9 selected balance sheet data: Assets $126,000 245,000 240,000 $485,000 Cash on Hand Total Current Assets Total Fixed Asset Investments Total Assets Liabilities and Shareholder Equity Accounts Payable Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Loans Total Current Liabilities Long-Term Bank Loans Total Liabilities S 66,000 0 0 17,000 83,000 66,000 149,000 Year 8 Year 9 Balance Change Shareholder Equity: 10,050 81,500 0 Common Stock (at a par value of $0.50 per share Additional Capital Retained Earnings Total Shareholder Equity Total Liabilities and Shareholder Equity 10,050 0 81,500 162,450 82,000 244,450 254,000 +82,000 336,000 $485,000 Based on the above figures and the definition of the debt-equity percentages (or debt%; presented in the Help section for p. 5 of the Camera and Drone Journal, the debt:equity percentages (rounded to 2 decimal places) and its current ratio are 31:69 and 2.95. 38:62 and 3.12. 31:69 and 1.64. o 29:71 and 2.48. 26.74 and 2.74. Copying, redistributing, or webste posting s expeessly prohibeed and constitutes copynght violation Copyright © 2019 by Go-Bus Software Inc c Previous Next >

## Answers

Answer is 31:69 and 2.95 Explanation: Current ratio: Current assets / Current Liabilities 245000 /83000 = 2.95 Debt-Equity = Total Debt / Equity 149000 / 336000 = 0.44 (which is equal to 31:69)

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