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 122 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?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Wetlands Store and Clean Water Wetlands Store and Clean Water
A depiction of the amount of precipitin that would form with different ratios of antigen and ... A depiction of the amount of precipitin that would form with different ratios of antigen and ...
Calculation of the Amount of the Local Anesthetic and Vasoconstrictor Calculation of the Amount of the Local Anesthetic and Vasoconstrictor
a solution is prepared in which a trace or small amount of Fe2+ is added to a much larger ... a solution is prepared in which a trace or small amount of Fe2+ is added to a much larger ...
The amount of genetic variation within populations is far greater than the variation between populat The amount of genetic variation within populations is far greater than the variation between populat
How to calculate the DRT to determine which is more effective against the pathogen How to calculate the DRT to determine which is more effective against the pathogen
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library