Reference no: EM132886123
Question - At December 31, MediMark Precision Instruments owes $54,000 on Accounts Payable, Salaries Payable of $18,000, and Income Tax Payable of $12,000. MediMark also has $220,000 of Bonds Payable that were issued at face value that require payment of a $45,000 installment next year and the remainder in later years. The bonds payable require an annual interest payment of $9,000, and MediMark still owes this interest for the current year. Report MediMark's liabilities on its classified balance sheet on December 31, 2024.
Burkhart Corporation has the following data as of December 31, 2024:
Total Current Liabilities $38,420
Total Stockholders' Equity $?
Total Current Assets 52,300
Other Assets 36,800
Long-term Liabilities 120,460
Property, Plant, and Equipment, Net 202,180
Required - Compute the debt to equity ratio at December 31, 2024?