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Use the following balance sheet to answer the question. CFX…

Posted byAnonymous April 19, 2026April 28, 2026

Questions

Use the fоllоwing bаlаnce sheet tо аnswer the question. CFX Construction Co. Balance Sheet FY 2016                 Period: 10/01/2012 to 09/30/2013   Assets                         Current Assets:             Cash         $430,000.00     Billed (Not Received)       $100,000.00     Reserve       $7,000.00     Work in Progress       $125,000.00                       Total Current Assets           $662,000.00                 Fixed Assets:             Vehicles   $125,000.00           Accumulated Depreciation   ($80,000.00)   $45,000.00                     Equipment   $2,500,000.00           Accumulated Depreciation   ($1,110,000.00)   $1,390,000.00                     Buildings   $350,000.00           Accumulated Appreciation   $112,000.00   $462,000.00                                     Total Assets           $2,559,000.00                 Liabilities and Capital                 Current Liabilities:             Accounts Payable       $500,000.00     Short Term Expenses and OH       $140,000.00     Payroll Taxes Payable       $145,000.00       Total Current Liabilities           $785,000.00                 Long-Term Liabilities:             Mortgage Payable       $225,000.00       Total Long-Term Liabilities           $225,000.00                 Total Liabilities           $1,010,000.00                                 Net Worth           $1,549,000.00   What is the debt to worth ratio?

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Tags: Accounting, Basic, qmb,

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