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Slav-nsk [51]
3 years ago
10

Emery Corporation Balance Sheet Income Statement​Assets:Cash ​$250,000​Sales​ (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 ​$100,000​Notes payable    ​450,000Longminus−term debt1,050,000​Owners' 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%.
Business
1 answer:
san4es73 [151]3 years ago
4 0

Answer: B. ​48.48%

Explanation:

Debt ratio = Total Liabilities/ Total Assets

Total liabilities = Accounts payable ​+ ​Notes payable + Long−term debt

= 100,000 + 450,000 + 1,050,000

= $1,600,000

Total Assets = $3,300,000

Debt ratio = 1,600,000/3,300,000

= 48.48%

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A company is considering two designs for a machine in its manufacturing line. The first, called machine A, will cost $160000 in
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Answer:

The indifference point is 1,410 units

Explanation:

Giving the following information:

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<u>First, we need to structure the total cost formula for each machine:</u>

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On June 1 of Year 1, a company paid $2,400 cash to rent office space for one year beginning immediately. Based solely on this in
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With an assumption that the company's accounting year is same as the calender year, the income statement would show $1,000 of rent expense.

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