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Please find enclosed my accounting homework for Ch...

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Please find enclosed my accounting homework for Chapter 11 and 12. I have answered each question but just need a tutor to double check each answer and correct any errors I may have made. Thank you.,I am confused avbout the answer for 11-1 (a) regarding how much additional debt can Melrose take on before it violates the terms of the agreement which are to maintain a debt/equity ratio of less than 2:1. I would think it could take on only 300,000 more. Current liabilities=200,000+long term liabilities 300,000 (add in another 300,000 then divide by Shareholder's Equity 400,000=2?

 

Paper#7918 | Written in 18-Jul-2015

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