27. Tampa Corporation's balance sheet showed the following amounts for their liabilities and stockholders equity accounts: Current Liabilities, $20,000; Bonds Payable, $60,000; Lease Obligations, $12,000; and Deferred Income Taxes, $2,000. Total stockholders' equity was $42,000. The debt-to-equity ratio is a. 0.45 b. 0.58 c. 1.76 d. 2.24

28. Use the incomplete stockholders' equity section of Box Companys balance sheet as of December 31, 2016, to answer the following question. Common stock, $7 par, 100,000 shares authorized $ 700,000 Additional paid-in capitalcommon 160,000 Retained earnings ? Treasury stock (2,000 shares at cost) (16,000) Total stockholders' equity 974,000

How many shares of common stock are outstanding? a. 100,000 b. 98,000 c. 78,000 d. 68,000

29. Walton Corporation shows the following in the stockholders' equity section of its balance sheet: The stated value of its common stock is $0.50 and the total balance in the common stock account is $37,500. Also noted is that 5,000 shares are currently designated as treasury stock. The number of shares outstanding is a. 80,000. b. 75,000. c. 72,500. d. 70,000.

Anole Company Anole Company was incorporated as a new business on January 1, 2016. The company is authorized to issue 20,000 shares of $5 par value common stock and 10,000 shares of 6%, $10 par value, cumulative, participating preferred stock. On January 1, 2016, the company issued 8,000 shares of common stock for $15 per share and 2,000 shares of preferred stock for $30 per share. Net income for the year ended December 31, 2016, was $375,000. 30. Refer to the information about Anole Company. The amount of Anoles total contributed capital at December 31, 2016, is a. $60,000. b. $120,000. c. $180,000. d. $555,000.

31. Refer to the information about Anole Company. The number of Anoles unissued shares of common stock at December 31, 2016, is a. 6,000. b. 8,000. c. 10,000. d. 12,000.

32. Refer to the information about Anole Company. Anoles total stockholders' equity reported on the balance sheet at December 31, 2016, is a. $60,000. b. $120,000. c. $180,000. d. $555,000.