From the given data, calculate the Debt to Total Assets Ratio for the MultiVerse Corp for 2021: Accounts payable Php 74,000 Accounts receivable 75,000 Cash 125,000 Inventory 90,000 Short-term investments 60,000 Short-term notes payable 40,000 Notes payable (due in 2023) 50,000 Total assets Php 469,000 Total liabilities 185,000 Net sales 240,000 Net income 31,500

From the given data, calculate the Debt to Total Assets Ratio for the MultiVerse Corp for 2021: Accounts payable Php 74,000 Accounts receivable 75,000 Cash 125,000 Inventory 90,000 Short-term investments 60,000 Short-term notes payable 40,000 Notes payable (due in 2023) 50,000 Total assets Php 469,000 Total liabilities 185,000 Net sales 240,000 Net income 31,500

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...

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