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Nataly [62]
3 years ago
11

Use the following Balance Sheet and Income Statement data of Bronson Corporation to calculate its debt to total assets ratio as

of December 31, 2017:
Current assets $9,000 Net income $70,000
Current liabilities 4,000 Common stock 10,000
Average assets 28,000 Total liabilities 6,000
Total assets 30,000 Retained earnings 20,000

Write your response rounded to the nearest whole number only.
Business
1 answer:
Reptile [31]3 years ago
6 0

Answer:

20 %

Explanation:

The Debt to Total Assets ratio is used to measure financial risk, the higher the ratio the more financial risk there is.

Debt to Total Assets ratio = Total debt / Total Assets x 100

therefore,

Debt to Total Assets ratio = $6,000 / $30,000 x 100 = 20 %

thus,

The debt to total assets ratio as of December 31, 2017: 20 %

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Answer:

0.75

Explanation:

Four firm concentration: Share of four firms / Total market share

Four firm share: 40 + 20+10+5

= 75

CR = 75/100

= 0.75 or 75 %

6 0
3 years ago
a shoe store sells 40 pairs of shoes in one week. With an additional salesperson, the store can sell 44 pairs of shoes. The addi
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Create a SWOT/SWOC analysis of one of the following companies.
USPshnik [31]

Answer:

coca cola

Explanation:

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2 years ago
Revenue and expense data for Bluestem Company are as follows:
LUCKY_DIMON [66]

Answer and Explanation:

The preparation of a comparitive income statement, with vertical analysis, stating each item for both years as a percent of sales is prepared below with the help of the attached spreadsheet:-

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3 0
3 years ago
(a) On July 1, Blue Spruce Co. sold merchandise on account to Waegelein Inc. for $17,300, terms 2/10, n/30. (b) On July 8, Waege
GarryVolchara [31]

Answer and Explanation:

The journal entries are shown below:

On July 1

Account receivable A/c Dr $17,300

         To Sales $17,300

(Being the goods are sold on credit)

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(Being sales return is recorded)

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Sales discount  ($17,300 - $4,000) × 2% $266

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(Being the cash received is recorded)

Only these three entries are recorded

5 0
3 years ago
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