20 points cards/ d total liabilities o Using the Sollowing balance sheet and inc

Question

20 points cards/ d total liabilities o Using the Sollowing balance sheet and income statemeet data, what is the solvency $4,000 48,000 480,000 126,000 Cumest assets Current habilities Average asets Total aneh Average common shares outstanding was 30,000 Net incone Stockholders' equity 234000 126,000 sed by $60,000 at Total habilities lash-cards/ w practice after ange by what 900 And Sto ting questions a od. 26 percent uity increased by ection during the s e.None of the above Financial Man turnover isNow s in receivables + i the normal operati Moving to another question will save this response Question 21 of 25 6/11/2018

Explanation / Answer

Solvency Ratio = 30%

Solvency Ratio = [ Total Liabilities / Total Assets ] x 100

= [ $126,000 / 420,000 ] x 100

= 30%

Hence, The Answer is “ C. 30% “

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