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Exercise 188 a-c Trooper Corporation reports the following amounts in their 2020 financial statements: At December 31, 2020 For the Year 2020 $2,000,000 1,310,000 Total
Exercise 188 a-c Trooper Corporation reports the following amounts in their 2020 financial statements: At December 31, 2020 For the Year 2020 $2,000,000 1,310,000 Total assets Total liabilities Total stockholders' equity Interest expense Income tax expense Net income $25,000 130,000 150,000 Compute the December 31, 2020, balance in stockholders' equity. Total stockholders' equity $ Compute the debt to assets ratio at December 31, 2020. (Round answer to 1 decimal place, e.g. 25.1.) Debt to assets ratio % Compute times interest earned for 2020. (Round answer to 1 decimal places, e.g. 25.5.) Compute the December 31, 2020, balance in stockholders' equity. Total stockholders' equity $ Compute the debt to assets ratio at December 31, 2020. (Round answer to 1 decimal place, e.g. 25.1.) Debt to assets ratio % $ Compute times interest earned for 2020. (Round answer to 1 decimal places, e.g. 25.5.) Times interest earned ratio times $ Click if you would like to Show Work for this question: Open Show Work Question Attempt
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