Question 21. Question: Stride Rite has total assets of $ 425 million. Its total liabilities are $ 110 million. Its equity is $ 315 million. Calculate the debt ratio.
38.6 %
13.4 % 34.9 % 25.9 % 14.9 %
Question 22. Question: of an expense is:
An asset created by prepayment revenue account
account revenue account account
Recorded as a debit to an unearned
Recorded as a debit to a prepaid expense Recorded as a credit to an unearned Recorded as a credit to a prepaid expense
Not recorded in the accounting records until the earnings process is complete
Bank statements
Question 21. Question: Stride Rite has total assets of $ 425 million. Its total liabilities are $ 110 million. Its equity is $ 315 million. Calculate the debt ratio.
38.6 %
13.4 % 34.9 % 25.9 % 14.9 %
Question 22. Question: of an expense is:
An asset created by prepayment revenue account
account revenue account account
Recorded as a debit to an unearned
Recorded as a debit to a prepaid expense Recorded as a credit to an unearned Recorded as a credit to a prepaid expense
Not recorded in the accounting records until the earnings process is complete