Check my work BSO, Inc., has assets of $790,000 and liabilities of $592,500 resulting in...
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Accounting
Check my work BSO, Inc., has assets of $790,000 and liabilities of $592,500 resulting in a debt-to-assets ratio of 0.75. For each of the following transactions, determine whether the debt-to-assets ratio will increase, decrease, or remain the same, and enter the value of the new debt-to-assets ratio. Each item is independent. (Round your answers to 2 decimal places.) Debt-to-Assets Ratio a. Purchased $58,000 of new inventory on credit. b. Paid accounts payable in the amount of $107,000. c. Recorded accrued salaries in the amount of $195,000 d. Borrowed $345.000 from a local bank, to be repaid in 90 days
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