This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Clean and Fresh Laundromat has assets of 120,000 and liabilities of 35,000 . Determine the amount of ... (Read 71 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
on: Jul 6, 2018
Clean and Fresh Laundromat has assets of 120,000 and liabilities of 35,000 . Determine the amount of owner's equity.
 a. 42,500
  b. 155,000
  c. 85,000
  d. None of the answers listed

Question 2

Financial ratios represent effects, not causes.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zacnyjessica

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 6, 2018
Answer to Question 1

C

Answer to Question 2

TRUE
Explanation: Financial ratios represent effects, not causes. Looking beyond the mechanical application of a ratio to its root cause is a critical component of financial statements analysis.


Beheh

  • Hero Member
  • *****
  • Posts: 520
Reply #2 on: Jul 6, 2018
Thank you


zacnyjessica

  • Sr. Member
  • ****
  • Posts: 345
Reply #3 on: Jul 6, 2018
No problemo


« previous next »
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

How to determine if a function is even or odd How to determine if a function is even or odd
Dry hands and forearms thoroughly with clean paper towels to prevent chapping. Dry hands and forearms thoroughly with clean paper towels to prevent chapping.
How to determine if a table of values represents a linear or quadratic relationship How to determine if a table of values represents a linear or quadratic relationship
How to quickly determine the maximum or minimum value of a quadratic equation in standard form How to quickly determine the maximum or minimum value of a quadratic equation in standard form
An old set of christmas tree lights have 30 lights, 20.6~ each in a series alignment. Determine ... An old set of christmas tree lights have 30 lights, 20.6~ each in a series alignment. Determine ...
Converting enzyme activity to its amount Converting enzyme activity to its amount
Video: Definition of heart rate

For a complete list of videos, visit our video library