If total assets increased 150000 during the year and total liabilities decreased 80000 what is the amount of stockholders' equity at the end of the year?
In financial accounting, Assets always equal the sum of your liabilities and equity. Therefore, if your assets increase by $150k and liabilities increased by $90k, your owners equity must have increased by $60k.
acid test ratio = quick assets / current liabilitiesacid test ratio = 150000 / 100000acid test ratio = 150 %
Assets: Inventory 25000 Other current assets 100000 Long term assets 75000 Total assets 200000 Liabilities: Current liabilities 50000 Long term liabilities 150000
2.5% of 150000 = 2.5% * 150000 = 0.025 * 150000 = 3750
9 1/2% of 150000= 9.5% * 150000= 0.095 * 150000= 14250
My answer is not able to answered using current keyboard function, the eqaution is very long. but the answer is .5.
150000 = 15000000%
5% of 150000 = 5% * 150000 = 0.05 * 150000 = 7500
6.9% of 150,000= 6.9% * 150000= 0.069 * 150000= 10,350
4000000-150000 = 3850000
481000
3% of 150000 is 4500.