Calculate the Debt Ratio Using the Following Trial Balance of Superior

question 87

Essay

Calculate the debt ratio using the following trial balance of Superior Instruments Company as of December 31,2019.
Superior Instruments Company
Adjusted Trial Balance
December 31, 2019
$$\begin{array} { l l l } \text { Accuunt Title } & \text { Debit } & \text { Credit } \\\text { Cash } & \$ 88,800 & \\\text { Accounts Receivable } & 5,000 & \\\text { Office Supplies } & 3,400 & \\\text { Larid } & 70,000 & \\\text { Building } & 16,500 & \\\text { Equiprnent } & 2,000 & \\\text { Accounts Payable } & & \$ 15,000 \\\text { Notes Payable } & & 60,000 \\\text { Superior, Capital } & & 50,000 \\\text { Superior, Withdrawals } & 1,200 & \\\text { Service Reveruue } & & 72,000 \\\text { Utilities Expense } & 4,100 & \\\text { Salaries Expense } & 4,000 & \\\text { Advertising Expense } &\underline{ 2 , 0 0 0 } & \\\text { Total } &\underline{\$197,000} &\underline{\$197,000} \\ \end{array}$$

---

Definitions:

Promotion Decisions

The process of selecting and implementing strategies aimed at increasing the visibility or sales of a product or service.

Global Work Experiences

Professional experiences gained through working in multiple countries or in a global context, contributing to an understanding of diverse cultures and international business practices.

Strategic Thinking

The ability to anticipate, plan for, and navigate complex scenarios or situations to achieve long-term goals.

Country Culture

The collective set of customs, values, beliefs, and social behaviors that distinguish one country or society from another.