This balance sheet shows the company's assets of $119,750 including current assets of $105,394 such as cash, accounts receivable, and inventory. Total liabilities are $41,206 including current liabilities of $24,189 such as accounts payable and loans. Owner's equity includes owner's investment, retained earnings, and other equity accounts totaling $13,567. Key financial ratios are also presented including a current ratio of 4.36, debt-to-equity ratio of 2.04, and assets-to-equity ratio of 81,205.

1. Date: 18 -Nov- 2013
2013
Cash
11,894
Accounts receivable
20,500
Inventory
38,000
Prepaid expenses
35,000
Short-term investments
105,394
Long-term investments
1,208
Property, plant, and equipment
15,348
(Less accumulated depreciation)
(2,200)
Intangible assets
14,356
Deferred income tax
Other
-
119,750
Accounts payable
8,060
Short-term loans
6,628
Income taxes payable
7,145
Accrued salaries and wages
2,356
Unearned revenue
Current portion of long-term debt
24,189
Long-term debt
3,450
Deferred income tax
Other
3,450
Owner's investment
9,178
Retained earnings
4,389
Other
13,567
41,206
Total current liabilities
Long-Term Liabilities
Total long-term liabilities
Owner's Equity
Total owner's equity
Total Liabilities and Owner's Equity
Current Liabilities
Finance Homework
Balance Sheet
Assets
Current Assets
Total current assets
Fixed (Long-Term) Assets
Total fixed assets
Other Assets
Total Other Assets
Total Assets
Liabilities and Owner's Equity

2. 0.23
4.36
81,205
8.83
2.04
Working Capital (Current Assets - Current Liabilities)
Assets-to-Equity Ratio (Total Assets / Owner's Equity)
Debt-to-Equity Ratio (Total Liabilities / Owner's Equity)
Common Financial Ratios
Debt Ratio (Total Liabilities / Total Assets)
Current Ratio (Current Assets / Current Liabilities)

3. 505