chap2_3 - Ruth Corporation Balance Sheet For The Year Ended...

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Ruth Corporation Balance Sheet For The Year Ended December 31, 2008 Assets Current Assets: Cash $13,230 Accounts Recievable 23450 Inventory 45730 Office Supplies 2340 Prepaid Rent 1500 Total Current Assets Propety, Land, Equipment Patents $40,000 Automobiles 112500 Land 250000 Buildings 200000 Less: acumulated deprectiation accumulated Depreciation-Autombiles -22500 accumulated Depreciation-Buildings -40000 Total Property, land, equipment Investments Longterm Investments $85,000 Total Investments Total Assets Liabilities Current Liabilities: Salaries and wages Payable $4,200 Accounts Payable 18255 Income Taxes Payable 6200 Interest Payable 1500 Total Current Liabilities Shortterm Notes Payable, due June 30, 2009 $10,000 Longterm Bonds Payable, due 31 2012 160000 Total Liabilities Stockholders Equity ContributedCapitol Stock,$10 par value $150,000 Paid-in capitol in excess of par value 50000 Retained Earnings 311095 Total Stockholders equity Total Liabilities and stockholders' equity
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Ruth's Ratio
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chap2_3 - Ruth Corporation Balance Sheet For The Year Ended...

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