The following data were taken from Stone Companys balance sheet: a. Compute the ratio of liabilities to

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The following data were taken from Stone Company€™s balance sheet:

a. Compute the ratio of liabilities to owner€™s equity.
b. Has the creditor€™s risk increased or decreased from December 31, 2011 to December 31,2012?

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Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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Question Posted: May 07, 2012 04:20 AM

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The following data were taken from Stone Companys balance sheet: a. Compute the ratio of liabilities to

Question:

Dec. 31, 2012 Dec. 31, 2011 5300,000 400,000 5340,000 Total liabilities Total owner's equity 500,000

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a Dec 31 Dec 31 2012 2011 Total lia...View the full answer

Financial Accounting

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