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Table 4-2
the Ledger Accounts for Alice's Rentals Include the Following

Question 110

Multiple Choice

Table 4-2
The ledger accounts for Alice's Rentals include the following normal balances as of December 31, 2019:  Accumulated amortization $2,000 Cash 7,300 Equipment 15,000 Alice Normanson, Capital 9,300 Alice Normanson, Withdrawals 2,200 Prepaid rent 3,600 Accounts payable 7,800 Supp lies 1,200 Unearned revenue 1,600 Notes payable (due Dec. 31, 2023)  7,500\begin{array} { | l | r | } \hline \text { Accumulated amortization } & \$ 2,000 \\\hline \text { Cash } & 7,300 \\\hline \text { Equipment } & 15,000 \\\hline \text { Alice Normanson, Capital } & 9,300 \\\hline \text { Alice Normanson, Withdrawals } & 2,200 \\\hline \text { Prepaid rent } & 3,600 \\\hline \text { Accounts payable } & 7,800 \\\hline \text { Supp lies } & 1,200 \\\hline \text { Unearned revenue } & 1,600 \\\hline \text { Notes payable (due Dec. 31, 2023) } & 7,500 \\\hline\end{array}
-Referring to Table 4-2, what is the debt ratio for Alice's Rentals?


A) 1.49
B) 0.61
C) 0.67
D) 0.75

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