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Business, 05.09.2020 07:01 elenadelfosse

Emery Corporation Balance Sheet Income StatementAssets:Cash $250,000Sales (all credit) $8,000,000Accounts receivable 450,000Cost of goods sold (4,000,000)Inventory 500,000Operating expense (2,900,000)Net fixed assets 2,100,000Interest expense (150,000)Total assets $3,300,000Income taxes (380,000)Net income $570,000Liabilities and owners' equity:Accounts payable $100,000Notes payable    450,000Longminus−term debt1,050,000Owners' Equity 1,700,000Total liabilities and owner's equity $3,300,000Based on the information in Table the debt ratio is:.A. 40.24%.B. 48.48%.C. 53.43%.D. 18.38%.

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Emery Corporation Balance Sheet Income StatementAssets:Cash $250,000Sales (all credit) $8,000,000Ac...
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