User Account

All Pages

Compute rodriguezs tools current and debt to equity ratio

Assignment Help Financial Accounting
Reference no: EM13884680

Classified Balance Sheet

The information that follows is from Rodriguez's Tools Company's April 30, 2014, post-closing trial balance.

Account name

Debit

Credit

Cash

31,000

Short-Term Investments

43,500

Accounts Receivable

239,000

Merchandise Inventory

113,000

Notes Receivable

10,000

Interest Payable

930

Sales Supplies

1,280

Office Supplies

540

Deposit for Future Advertising

3,120

Long-Term Notes Payable

99,000

Land

34,700

Delivery Equipment

42,230

Accumulated Depreciation-Delivery Equipment

28,400

Building, Not in Use

72,100

Accounts Payable

129,600

Salaries Payable

4,600

Prepaid Rent

1,800

Prepaid Insurance

3,600

C. Rodriguez, Capital

337,340

Trademark

4,000

Required:

1. Prepare a classified balance sheet for Rodriguez's Tools.

2. Business Application- Compute Rodriguez's Tools' current ratio and debt to equity ratio. (Round to one decimal place.)

3. Business Application- As a user of the classified balance sheet, why would you want to know the current ratio or the debt to equity ratio?

Reference no: EM13884680

Questions Cloud

Compare and contrast the following ecology terms : Compare and contrast the following ecology terms. Think about how they are related and how they differ.Once you have read the chapter, add an example of each term or use them together in a coherent sentence.
Recursive tracking of vascular networks in angiograms : According to the paper entitled "Recursive tracking of vascular networks in angiograms based on the detection-deletion scheme" (IEEE Trans. Med. Imaging 12: 334-341, 1993), what is the purpose of deleting a vessel segment from the image immediatel..
Essential function of the law does the u.s. constitution : what essential function of the law does the U.S. Constitution serve?
Discuss potential implications for health care providers : View the Health Care Reform Act video and identify three aspects of the Health Care Reform Act that stand out for you. In 75-100 words, provide a critique of these aspects.
Compute rodriguezs tools current and debt to equity ratio : Compute Rodriguez's Tools' current ratio and debt to equity ratio. Business Application- As a user of the classified balance sheet, why would you want to know the current ratio or the debt to equity ratio?
How would you explain yield to maturity : How would you explain yield to maturity (YTM) to a friend with no background in finance?
What are the benefits of a blended approach : Write an introductory paragraph explaining what you believe is meant by a "comprehensive approach to literacy instruction"? How does it incorporate aspects of both the meaning-based and skills-based approaches
How many different niches do you have : every organism has a niche (a role) it plays in its environment. Please answer the following questions in complete sentneces- How many different niches do you have?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd