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Compute debt to assets ratio and times interest earned. E15.13 (LO 4) Hatfield Corporation reports the following amounts in its 2020 financial statements For the
Compute debt to assets ratio and times interest earned. E15.13 (LO 4) Hatfield Corporation reports the following amounts in its 2020 financial statements For the Year 2020 At Dcmber 31,2020 $1,000,000 Total assets Total liabilities Total stockholders' equity Interest expense Income tax expense Net income 580,000 $20,000 100,000 150,000 Instructions a. Compute the December 31, 2020, balance in stockholders' equity. b. Compute the debt to assets ratio at December 31, 2020. e. Compute times interest earned for 2020
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