Monty Company has been operating for several years, and on December 31, 2025, presented the following balance sheet. MONTY COMPANY Balance Sheet December 31, 2025 Cash Receivables Inventory Plant assets (net) $41,400 Accounts payable 68.580 Mortgage payable 104,520 Common stock ($1 par) 220,000 Retained earnings $434,500 $78.000 156.630 150.300 49,570 $434,500 The net income for 2025 was $26.070 Assume that total assets are the same in 2024 and 2025 Compute each of the following ratios. Round answers to 2 decimal places 159 or 45.87%)

Monty Company has been operating for several years, and on December 31, 2025, presented the following balance sheet. MONTY COMPANY Balance Sheet December 31, 2025 Cash Receivables Inventory Plant assets (net) $41,400 Accounts payable 68.580 Mortgage payable 104,520 Common stock ($1 par) 220,000 Retained earnings $434,500 $78.000 156.630 150.300 49,570 $434,500 The net income for 2025 was $26.070 Assume that total assets are the same in 2024 and 2025 Compute each of the following ratios. Round answers to 2 decimal places 159 or 45.87%)

Name: The net income for 2025 was $26,070. Assume that total assets are the
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Description: The net income for 2025 was $26,070. Assume that total assets are the same in 2024 and 2025.Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%)(a)(b)(c)(d)Current ratioAcid-test ratioDebt to assets ratioRet

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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