Jack oyster barn shows you financial statements

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jack's oyster barn Shows you financial statements that reflect 1 million of total assets and 100,000 of liabilities and 500,000 in equity. You conclude...

A. This is a sound company because equity exceeds liabilities 5 to 1.

B. This is a sound company because assets exceed liabilities by 10 to 1.

C. Both 1&2 above

D. Somebody does not know how to prepare a balance sheet and you tell them the balance sheet is worthless for your purpose because it does not balance.

Reference no: EM131487573

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