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Unformatted text preview: 1,600 Prepaid Rent 4,800 Sales Supplies 1280 Office Supplies 440 Other 4,000 Total Current Assets 497,120 PPE 63,600 Investments 53,280 Total Assets. 610000 Liabilities Current Liabilities Accounts Payable 114,600 Accrued and Other 28,400 Salaries Payable 5,200 Interest payable 840 Total Current Liabilities 149,040 Long term Debt 80,000 Kissel. Capital 394,960 Total Liabilities 624,000 Current Ratio= .97 Debt to equity= 1.58 As a user of this type of balance sheet I would want to know both of these because it is basically telling you how the company is doing, in this case the company is losing money....
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