Assets 2021

Current Assets
Cash 71,000
Accounts receivable
Inventory
Prepaid expenses
Short-term investments
Total current assets $ 71,000
Fixed (Long-Term) Assets
Long-term investments
Property, plant, and equipment 68,000
(Less accumulated depreciation) (2,200)
Intangible assets 3,500
Total fixed assets $ 69,300
Other Assets
Deferred income tax (2,449)
Other 1,483
Total Other Assets $ (966)
Total Assets $ 139,334
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Liabilities and Owner's Equity
Current Liabilities
Accounts payable
Short-term loans
Income taxes payable
Accrued salaries and wages 122,394
Unearned revenue
Current portion of long-term debt
Total current liabilities $ 122,394
Long-Term Liabilities
Long-term debt
Deferred income tax 11,940
Other
Total long-term liabilities $ 11,940
Owner's Equity
Owner's investment 5,000
Retained earnings
Other
Total owner's equity $ 5,000
Total Liabilities and Owner's Equity $ 139,334
Common Financial Ratios
Debt Ratio (Total Liabilities / Total Assets) 0.96
Current Ratio (Current Assets / Current Liabilities) 0.58
Working Capital (Current Assets - Current Liabilities) (51,394)
Assets-to-Equity Ratio (Total Assets / Owner's Equity) 27.87
Debt-to-Equity Ratio (Total Liabilities / Owner's Equity) 26.87