Question
What is the ratio of Liabilities to Stockholder's Equity for 2017? Hint: use the accounting equation to determine total stockholder's equity. 131.1% 77% 76% 43%
What is the ratio of Liabilities to Stockholder's Equity for 2017? Hint: use the accounting equation to determine total stockholder's equity.
131.1% | ||||||||||||||
77% | ||||||||||||||
76% | ||||||||||||||
43%
Ignore your answer to the question above, if the ratio of liabilities to stockholders' equity in 2016 was 54%, and in 2017, the ratio was 46%, which of the following statements is true?
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