Examlex
At the beginning of the current year,Trenton Company's total assets were $248,000 and its total liabilities were $175,000.During the year,the company reported total revenues of $93,000,total expenses of $76,000 and owner withdrawals of $5,000.There were no other changes in owner's capital during the year and total assets at the end of the year were $260,000.Trenton Company's debt ratio at the end of the current year is:
Statement Of Cash Flows
Explains how the company’s cash changed from the beginning of the accounting period to the end.
Accounting Period
A specific period of time used for financial reporting purposes, typically a year or quarter.
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