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Author Question: Jake's Janitorial Service the company assets are cash , accounts receivable $50,000, merchandise ... (Read 244 times)

mspears3

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Question 1

A horizontal analysis of a balance sheet:
◦ records the amount of increase or decrease as a percent
◦ compares the same item for two different years
◦ all of these apply to a horizontal analysis of a balance sheet
◦ records the amount of increase or decrease as a dollar figure

Question 2

Jake's Janitorial Service the company assets are cash , accounts receivable $50,000, merchandise inventory equipment The liabilities are accounts payable , wages payable mortgage note payable $85,000. The owner's capital is . Find the percent of total debt compared to total assets.
◦ 75.2%
◦ 45.0%
◦ 46.5%
◦ 55.0%


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Marked as best answer by mspears3 on Feb 26, 2020

Christopher

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mspears3

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Reply 2 on: Feb 26, 2020
YES! Correct, THANKS for helping me on my review


softEldritch

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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