Apollo Corp reported the following balance sheet:
Cash 28,000 Accounts payable 5,000
Accounts receivable 15,000 Notes Payable 12,000
Inventory 45,000 Accruals 17,000
Net Fixed Assets 122,000 Long-Terms Debt 45,000
Common Stock 10,000
Retained
Earnings 121,000
Total assets 210,000 Total Liab. & Equity 210,000
Apollo Corp's debt ratio is
A) 37.62. B) 32.17. C) 39.45. D) 42.95.
Question 2
The least effective method of protecting against overdrafts generally is to
A)
maintain a larger-than-normal account balance.
B)
arrange for automatic transfers from a savings account.
C)
arrange for a credit-card loan to cover the overdraft.
D)
ignore them since banks do not charge for overdrafts.
Pablo Picasso, Guitar, Sheet Music, and Wine Glass.
Example of calculation of days in accounts receivable (AR).
Science versus religion: What accounts for the conflict and tension that have existed between them?
(A) Unwrap each of the layers until the client is covered by just the plastic sheet and the towels ...
Nitrogen Balance and Imbalance
Acid–Base Balance