west.cengagenow.com/ilrn/takeAssignment/takeAssignmentMaindo Problem 20-4 Balanc

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west.cengagenow.com/ilrn/takeAssignment/takeAssignmentMaindo Problem 20-4 Balance sheet effects of leasing ile companies, McDaniel-Edwards Manufacturing and Jordan Hocking Mills, began operations with identical balance sheets. A year later, both required addtional manufacturing capacdty at a a 5-year, $250,000 loan at an 9% interest rate from its bank, br dan Hocking, on the other hand, decided to lease the required S250,000 apacity cost of $250,000. McDaniel-Edwards obtained National Leasing for 5 years, an 9% return was buit into the lease. The balance shoot for each company, before the ant ieeees, n flen Debt Equity Total liabilities and equity 200,000 200,000 $400,000 Total assets $400,000 Show the McDaniel-Edwards balance sheot after the asset increase. Round your answers to two decim al places. Debt 1.S 450000.00 Equity 2. $ 200000.00 Total assets 3. Total iabilities and equity 650000.00 650000.00 Calculate McDaniel-Edwards' new debt ratio. Round your answer to two decimal places. 2.25 1 % Show the Jordan-Hocking's balance sheet after the asset increase. (Assume lease is kept off the balance sheet.)Round your answers to two decimal places Delt 6. $ 200000.00 Equity 7. s 200000.00 Total Total liabilities and

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west.cengagenow.com/ilrn/takeAssignment/takeAssignmentMaindo Problem 20-4 Balanc

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