The national railway companys total assets in a recent year

Assignment Help Accounting Basics
Reference no: EM13596904

The National Railway Company's total assets in a recent year were $29,011 million and its total liabilities were $13,814 million. That year, National Railway reported operating lease commitments for its locomotives, freight cars, and equipment totalling $784 million. If these assets had been recorded as capital leases, assume that assets and liabilities would have risen by approximately $784 million.

Calculate the National Railway's debt to total assets ratio, first using the figures as reported, and then after increasing assets and liabilities for the unrecorded operating leases. (Round to 0 decimal places, ie. 25.)

  • Without operating leases %
  • With operating leases %

Reference no: EM13596904

Questions Cloud

Ww co has 10000 shares of 100 par value 6 convertible stock : ww co has 10000 shares of 100 par value 6 convertible stock and 50000 shares of 10 par value common stock outstanding
According to tns intersearch 69 of wireless web users use : according to tns intersearch 69 of wireless web users use it primarily for receiving and sending e-mail. suppose that
If this project would cannibalize other projects by 05 : eisenhower communications is trying to estimate the first-year net operating cash flow at year 1 for a proposed
Kennedy air services is now in the final year of a project : kennedy air services is now in the final year of a project. the equipment originally cost 22 million of which 70 has
The national railway companys total assets in a recent year : the national railway companys total assets in a recent year were 29011 million and its total liabilities were 13814
You must evaluate a proposed spectrometer for the rampd : you must evaluate a proposed spectrometer for the rampd department. the base price is 240000 and it would cost another
Arantxa co has 20000 shares outstanding of 5 par on aug 1 : arantxa co has 20000 shares outstanding of 5 par. on aug 1 arantxa co reaquered 200 shares at 80 per share. on nov 1
Assuming nonstatistical sampling is used evaluate the : sampling for attributes is often used to allow an auditor to reach a conclusion concerning a rate of occurrence in a
There are two different ways to look at this problem each : the pendulum shown to the left consists of a bob of mass of 0.35 kg attached to a string of lengthl 1.1 meters. it is

Reviews

Write a Review

Accounting Basics Questions & Answers

  Haskins and jones attorneys-at-law maintain its books on a

haskins and jones attorneys-at-law maintain its books on a cash basis. during 2013 the company collected 590000 in fees

  Suppose that jain simmons company is in an area of the

jain simmons company needs 10000 units of a certain part to be used in production. if jain simmons buys the part from

  Rita lane is the avvountant for outdoor living a

rita lane is the avvountant for outdoor living a manufacturer of outdoor furniture that is sold through specialty

  Is behavior regarding cost information provided to unethical

Farmer Frank's produces items from local farm products anddistributes them to supermarkets. Is Margaret's behavior regarding the cost information she provided to Susan unethical? Explain your answ

  Balance in retained earnings

On 12/31/09, the ABC Co. had Retained Earnings of $400,000. During 2010, dividends of $3,000 were paid. There was a net income of $4,000 for the year 2010. What should be the balance in Retained Earnings on the 12/31/10 Balance Sheet?

  Jack transferred property with an adjusted basis of 45000

1.the stock of kenny corp. is owned equally by two brothers. during 2008 they transferred land which had a basis of

  A change in the method of accounting for leases for tax

various types of accounting changes can affect the financial statements of a business enterprise differently. assume

  Assume that all direct material used is only recorded at

1. hpc inc. has developed a standard pricing system for its products.nbspnbspthe variable cost standards based on

  Sequence of procedures required to make cakes and cookies

Dolly Salem owns and operates a bakery in Charleston, South Carolina. She maintains a file that lists the sequence of procedures required to make each of her famous cakes and cookies. These instructions are examples of a(an):

  Byte computer company a manufacturing organization has just

byte computer company a manufacturing organization has just completed an order the grater ltd. placed for 80 computers.

  External failure costs change

How much do external failure costs change if all changes are as anticipated with the new prevention procedures? Assume all units produced are sold and there are no ending inventories.

  Concepts as defined by the coso framework

Which of the following is the least accurate statement regarding concepts as defined by the COSO framework?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd