What is the correct formula for cell B3? 1 2 Total Assets 3 Total Equity 4 Total Debt Ratio O =(B2-B3)/(B2+B3) O=B3/B2-1 O =(B2-B3)/B3 O=1-B2/B3 2017 425,000 200,000 O=1-B3/B2
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- If assets are $348,000 and liabilities are $188,000, then equity equals: 3. Multiple Choice 1.66 polnts 02:58:50 $160,000. $188,000. $348,000. $536,000. $884,000. Mc Graw ...* CengageNOW2 | Onlin x 2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 人 еВook Show Me How Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $288,750 $177,120 Property, plant, and equipment 498,750 452,640 Intangible assets 87,500 26,240 Current liabilities 175,000 85,280 Long-term liabilities 376,250 301,760 Common stock 78,750 72,160 Retained earnings 245,000 196,800 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year year year year Amount Percent Amount Percent Current assets…Which statement is correct? O A. current ratio 1.00 D. gross margin > net margin
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