Author Question: Owner's equity at the start of the period is 35,000; net income for the period is 30,000; the total ... (Read 87 times)

Shelles · **on:** Jul 5, 2018

Owner's equity at the start of the period is 35,000; net income for the period is 30,000; the total investments by the owner is 15,000; and total withdrawals by the owner is 5,000 . The owner's equity at the end of the period is
a. 80,000.
b. 75,000.
c. 85,000.
d. 40,000.

Question 2

What is Olde Towne's debt service coverage?

a. 0.8 times
b. 1.6 times
c. 2.0 times
d. 2.7 times