The following data were taken from Mesa Company's balance sheet: Dec. 31, 2016 Dec. 31, 2015 Total
Question:
The following data were taken from Mesa Company's balance sheet:
Dec. 31, 2016 Dec. 31, 2015
Total liabilities...............$547,800................$518,000
Total owner's equity...........415,000.................370,000
a. Compute the ratio of liabilities to owner's equity.
b. Has the creditor's risk increased or decreased from December 31, 2015, to December 31, 2016?
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a Dec31 Dec31 2016 2015 Total liabilities 547800 518000 To...View the full answer
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Related Book For 
Financial Accounting
ISBN: 978-1305088436
14th edition
Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac
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