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Author Question: The 2020 and 2021 partial balance sheets for Myers Manufacturing Company appear ... (Read 35 times)

fungirl

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on: Feb 5, 2023
The 2020 and 2021 partial balance sheets for Myers Manufacturing Company appear below:

​​20202021
Current assets$  56,000$  52,000
Long-term assets 110,000 120,000
Total assets$166,000$172,000

Current liabilities
$  30,000
$  40,000
Noncurrent liabilities   70,000   80,000
Total liabilities100,000120,000
Stockholders' equity​​
  Common stock12,00012,000
  Additional paid-In capital14,00014,000
  Retained earnings   40,000   26,000
Total stockholders' equity   66,000   52,000
Total liabilities and stockholders' equity$166,000$172,000

Required:

a.Calculate Myers' current ratio for 2021.
b.Calculate Myers' debt ratio for 2021.
c.Calculate Myers' debt-to-equity ratio for 2021.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by fungirl on Feb 5, 2023

sin

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fungirl

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

daiying98

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Reply 3 on: Yesterday
:D TYSM

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