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A Corporation Reports the Following Year-End Balance Sheet Data A) 058
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question 157

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A corporation reports the following year-end balance sheet data. The company's debt ratio equals:  Cash $40,000 Current liabilities $75,000 Accounts receivable 55,000 Long-term liabilities 35,000 nnventory 60,000 Common stock 100,000 Equipment 145,000 Retained earnings 90,000 Total assets $300,000 Total liabilities and equity $300,000\begin{array} { | l | r| r| r | } \hline \text { Cash } & \$ 40,000 & \text { Current liabilities } & \$ 75,000 \\\hline \text { Accounts receivable } & 55,000 & \text { Long-term liabilities } & 35,000 \\\hline \text { nnventory } & 60,000 & \text { Common stock } & 100,000 \\\hline \text { Equipment } & \underline { 145,000 } & \text { Retained earnings } & \underline { 90,000 } \\\hline \text { Total assets } &\underline{\$ 300,000 }& \text { Total liabilities and equity } & \underline{\$ 300,000} \\\hline\end{array}

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Blue Double Underline

A formatting style typically used to indicate clickable links or to highlight text in documents, it can also suggest grammatical suggestions or other feedback in word processors.

Exit Button

A control element in a graphical user interface that allows users to close or exit a program or window.

Title Bar

The horizontal bar at the top of a window or application that typically displays the name or title of the document or program.

Word Start Screen

The initial screen presented to users upon opening Microsoft Word, often featuring document creation options, recent documents, and templates.

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