Select the correct answer from each drop-down menu. Assets $ Liabilities $
Current Assets Current Liabilities
Cash 12,000 Accounts payable 28,500
Cash at bank 7,000 Wages payable 7,000
Accounts receivable 35,000 Taxes payable 12,000
Inventory 30,500 Interest payable 15,000
Prepayments 3,300
Total current assets 87,800 Total current liabilities 62,500
Investments 25,000 Long-Term Liabilities
Bank loan 335,000
Notes payable 15,000
Long-term liabilities 350,000
Property, Plant, and Equipment Total Liabilities 412,800
Land and building 156,000
Equipment 1,85,000
Less: Depreciation (63,000)
278,000
Stockholders’ Equity
Intangible Assets Common stock 100,000
Goodwill 120,000 Retained earnings 200,000
Trade names 210,000 Total stockholders’ equity 300,000
Total intangible assets 340,000
Total Assets 720,800 Total Liability and Stockholders’ Equity 720,800
What are the debt-equity ratio and the quick ratio based on the above information?
The debt–equity ratio is
(correct to 2 decimal places).
The quick ratio is
(correct to 2 decimal places).

Do savings and loan associations offer checking accounts?

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?