Requirement 1. Which company appears to have the strongest financial position Ex

Question

Requirement 1. Which company appears to have the strongest financial position Explain your reasoning Calculate the missing amounts. (Enter amounts in billions.) Flowers and Gifts Strawberry Bank DJ Video Rentals Assets Liabilities Stockholders equity 31 15 25 79 $ 25 34 48 $ 10 Which company appears to have the strongest financial position? Explain your reasoning. (Round the percentage to the nearest hundredth percent, X.XX%.) appears to have the strongest financial position because its make up the smallest percentage of company assets. This percentage is

Explanation / Answer

Answer 1

Result:

Company DJ Video Rentals is appears to have the strongest Financial Position because its Liabilities make up the smallest percentage of Company Assets. This Percentage is 26.470%

Explaination and Calculation :

The company DJ Video Rentals have strongest financial condition because the Liabilities of the company is $ 9 billions and the Assets of the company are $34 billion.

So the percentage of liabilities to the assets will be:

Liabilities/ Assets = (9/34) x 100 = 26.470 %

Conclusion: Company DJ video rentals have strongest financial position. Because its long term Assets are more than ita liabilities . And the percentage of liability to asset is smallest.

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