Business, 27.01.2021 14:00 alghazal7408

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).

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Select the correct answer from each drop-down menu. Assets $ Liabilities $
Current Assets Cur...