Acompany’s financial records at the end of the year included the following amounts: cash $ 70,600 accounts receivable 28,600 supplies 4,600 accounts payable 10,600 notes payable 5,300 retained earnings, beginning of year 17,600 common stock 46,000 service revenue 49,100 wages expense 8,600 advertising expense 5,600 rent expense 10,600 what is the amount of total assets to be reported on the balance sheet at the end of the year?

Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased. b. the company's times interest earned ratio decreased. c. the company's basic earning power ratio increased. d. the company's equity multiplier increased. e. the company's debt ratio increased.