Ratio of liabilities to stockholders equity OBJ. 6 The following data were taken from Mesa Companys balance

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Ratio of liabilities to stockholders’ equity OBJ. 6 The following data were taken from Mesa Company’s balance sheet:

Dec. 31, 2016 Dec. 31, 2015 Total liabilities $547,800 $518,000 Total stockholders’ equity 415,000 370,000

a. Compute the ratio of liabilities to stockholders’ equity.

b. Has the creditor’s risk increased or decreased from December 31, 2015, to December 31, 2016?

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Financial And Managerial Accounting

ISBN: 9781305267831,9781305267848

13th Edition

Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac

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Question Posted: Sep 20, 2024 12:00 AM

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Ratio of liabilities to stockholders equity OBJ. 6 The following data were taken from Mesa Companys balance

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Financial And Managerial Accounting

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