accounting

Acme Inc. has total liabilities of $120,000, total sales of $80,000, net income of $12,000, current assets of $90,000 and total assets of $150,000. What is the debt to equity ratio for Ac

  1. 👍
  2. 👎
  3. 👁
  1. I Do Not Know...I Asked This Question And It showed Me this, Do You Know The Answer Now.

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. Advanced Accounting

    Estimated and Actual Goodwill Passion Company is trying to decide whether or not to acquire Desiree Inc. The following balance sheet for Desiree Inc. provides information about book values. Estimated market values are also listed,

  2. Accounting

    Blane Company has the following data: Total Sales 800,000, Total Variable Costs 300,000, Fixed Costs 200,000, Units Sold 50,000, What will operating income be if units sold double to 100,000 units?

  3. Math

    Manuel, a sales agent,h has a basic salary of $18 000 and a commission of 20%on a sales above $80 000.if this total sales is $290 000. How much is this total income

  4. accounting

    Lily Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2009 $400,000 $250,000 2010 $460,000 $300,000 2011 $590,000 $400,000 Lily began business on January 1, 2009,

  1. Math

    A retired couple needs $12,000 per year in income to supplement their Social Security. They have $150,000 to invest to obtain this income. They have decided on two investment options: AA bonds yielding 10% per annum and a bank CD

  2. Accounting

    O' Hara Company began operations on December 1, 2011. Presented below is selected information related to O' Hara Company at December 31, 2011. Office Equipment ₤ 40,000; Utilities Expense ₤ 6,000; Cash 14,000; Accounts

  3. finance

    A firm's long term assets = $75,000, total assets = $200,000, inventory = $25,000 and current liabilities = $50,000.

  4. Trial Balance

    Given the following balances, the total debits in the trial balance would equal: Equipment $ 37,000 Accounts Payable 2,000 Sales 49,000 Accumulated Depreciation 4,000 Accounts Receivable 7,000 Retained Earnings 16,000 Salary

  1. FINANCE

    Below is a list of account balances for Currie Hospital as of December 31, 2013. Prepare a balance sheet as of December 31, 2013, in proper form. (Hint: You will need to compute the net assets account. Assume that all net assets

  2. Advanced Accounting

    Stockholders of Acme Company, Baltic Company, and Colt Company are considering alternative arrangements for a business combination. Balance sheets and the fair values of each company's assets on October 1, 2004, were as follows:

  3. accounting

    Financial Statement Analysis Portfolio The Income Statement for Pumpkin Co. is shown below: Pumpkin Co. Income Statement for the Month Ended October 21, 2010 revenues sales $120,000.00 operating expenses salary expense $10,000.00

  4. accounting

    Carlton company had assetsof $280,000 & liabilities of $120,000 at the beginning of the year and assets of $400,000 & liabilities of $140,000 at the end of the year. During the year, the owner invested an additional $40,000 in the

You can view more similar questions or ask a new question.