Refer to the following fat of liability balances at December 31, 2017. What is t
ID: 2486378 • Letter: R
Question
Refer to the following fat of liability balances at December 31, 2017. What is the total amount of current liabilities? $24,380 $39,180 $25,880 Refer to the following list of liability balances at December 31, 2017. What is the total amount of long-term liabilities? $49,000 $100,000 $109,000 Which of the following statements is true of the debt to equity ratio? If the debt to equity ratio is less than 1, the company n financing more assets with debt than with equity. The higher the debt to equity ratio, the lower the company's financial risk. If the debt to equity ratio is greater than 1, the company is financing more assets with equity than with debt The higher the debt to equity ratio, the greater the company's financial risk Outstanding stock represents shares of stock that have been issued but may or may not be held by stockholders have been authorized by slate law are held by the stockholders are sold for the highest priceExplanation / Answer
Answer 31. b. $39180 Current Liabilities Accounts Payable 22,000 Employee Health Insurance Payable 650 Employee Income Tax Payable 800 Estimated warranty Payable 1,500 FICA - OASDI Payable 1,160 Sales Tax Payable 570 Current portion of Long Term Notes Payable 12,500 Total Current Liabilities 39,180 As per Chegg Guidelines, You can ask only one question at a time having four subparts. For other parts or Questions please ask it again.