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Question 1 (10 points) What is the stockholders' equity to debt ratio for the following data? Total current liabilities (noninterest bearing) - $300,000; bonds payable,
Question 1 (10 points) What is the stockholders' equity to debt ratio for the following data? Total current liabilities (noninterest bearing) - $300,000; bonds payable, 5% (issued in 2007, due in 20 years) - $600,000; preferred 6% stock. $200 par - $240,000; common stock, $20 par - $480,000: premium on common stock - $120,000; retained earnings- $420,000. Income before income taxes was $180,000 and income taxes were $78,000 for the current year. 04:1 2.1:1 0.7:1 1.2:1 1.4:1
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