The following data were taken from Mesa Companys balance sheet: a. Compute the ratio of liabilities to
Question:
The following data were taken from Mesa Company’s balance sheet:
a. Compute the ratio of liabilities to stockholders’ equity.
b. Has the creditor’s risk increased or decreased from December 31, 2013, to December 31,2014?
Transcribed Image Text:
Dec. 31, 2014 $547,800 Dec. 31, 2013 $518,000 370,000 Total liabilities Total stockholders'equity 415,000
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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