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Author Question: Berry Rich, Inc. had 600,000 in total assets, of which 200,000 are current assets, and 200,000 in ... (Read 19 times)

Alygatorr01285

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on: Jul 5, 2018
Berry Rich, Inc. had 600,000 in total assets, of which 200,000 are current assets, and 200,000 in shareholders' equity, of which 80,000 is contributed capital. Calculate the debt-to-equity ratio. Round your answer to the nearest whole percent.
 
  What will be an ideal response?

Question 2

Net sales less sales returns and allowances and sales discounts equal gross sales.
 a. True
   b. False
   Indicate whether the statement is true or false


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itsakadoozi

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Reply #1 on: Jul 5, 2018
Answer to Question 1

(600,000  200,000 ) / 200,000 = 200

Answer to Question 2

False


Alygatorr01285

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Reply 2 on: Jul 5, 2018
Wow, this really help

nguyenhoanhat

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Reply 3 on: Yesterday
Excellent

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