(Answered) Rafea corporation balance sheet december 31 2016 assets

Management Studies

Rafea Corporation Balance Sheet December 31, 2016 ? Assets Cash $ 20,300 Marketable securities 33,000 Accounts receivable 74,200 Inventory 82,400 Fixed assets 258,500 468,400 Liabilities Accounts payable $ 82,400 Bonds payable 215,300 Common stock 78,900 Paid-in-capital 37,600 Retained earnings 54,200 ? 468,400 ? Which of the following can be inferred from the data?? ?The company has a current ratio of 1.51. ?The company has a current ratio of 1.13. ?The company has a debt-to-equity ratio of 0.71. ? The company has a debt-to-equity ratio of 1.74.

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