Question $12(12$ points$)$

Stover Corporation reports the following amounts in their $2024$ financial statements:

At December $31,2024,$ For the Year $2024$

Total assets

Total liabilities

Total equity

Interest expense

Income tax expense

Net income

$$2,000,000$

$1,100,000$

$?$

For the Year $2024$

Instructions

a$.$ Compute the December $31,2024$ total equity.

b$.$ Compute the debt to assets ratio at December $31,2024.$

C$.$ Compute times interest earned for $2024.$