At April 30, Yaddof Company Has the Following Bank Information

question 203

Multiple Choice

At April 30, Yaddof Company has the following bank information: cash balance per bank $2,300; outstanding checks $390; deposits in transit $275; credit memo for interest $50; bank service charge $10. What is Mareska's adjusted cash balance on April 30?

• A) $2,185
• B) $2,245
• C) $2,300
• D) $2,340

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Definitions:

Return on Assets

A financial ratio indicating the profitability of a company relative to its total assets, measuring how effectively a company uses its assets to generate earnings.

Debt-Equity Ratio

The indicator that quantifies how much of a company's assets are financed through equity and how much through debt.

Total Equity

The total value of all ownership interests in a company, including common stock, preferred stock, and retained earnings.

Total Debt

The sum of all owed by a company, including both short-term and long-term liabilities.