INTERMEDIATE ACCOUNTING II D104 WGU: ACCOUNTING
Western Governers University
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Examen
INTERMEDIATE ACCOUNTING II - D104 WGU: ACCOUNTING PRINCIPLES EXAM 2025
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---47marzo 20252024/2025A+
- 1.	What is the formula for calculating the debt to asset ratio? 
 total liabilities/total assets total assets/total liabilities total equity/total assets 
 total liabilities/total equity 
 
2.	Norton Co. reports the following for the current year: Cash, $300; short- term investments, $500; accounts receivable, $1,000; inventory, $700; 
total current assets, $2,500; and total current liabilities, $1,000. Which of the following is true regarding the current ratio and the quick ratio? 
 2.5:...
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