A company had total assets of $36,000,000 and Total Stockholder's Equity of $4,000,000. Using accounting equation, how much were Total liabilities? a. $36,000,000 b. $32,000,000 c. $40,000,000 d. $4,000,000 e. $20,000,000

A company had total assets of $36,000,000 and Total Stockholder's Equity of $4,000,000. Using accounting equation, how much were Total liabilities? a. $36,000,000 b. $32,000,000 c. $40,000,000 d. $4,000,000 e. $20,000,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Chartreuse Corporation reported the following information at the end of its firs Common stock:…

A: Introduction:- The word "cost" has a very specific meaning. It refers to the transfer of money or…

Q: From the following ratios and given information: 1.Fixed Assets: 40,00,000 2. Closing Stock:…

A: Fixed assets are those assets which are being held by the business for longer period of time. It…

Q: Accounting A company has total assets of $500,000, total liabilities of $200,000, and total equity…

A: The objective of the question is to calculate the company's debt-to-equity ratio. The debt-to-equity…

Q: Stefan Company’s ratio of Liabilities to Stockholders’ Equity is 0.6. If the company’s total assets…

A: Liabilities to Stockholder’s Equity = 0.6:1 Total Assets = $48,000 Total of Total Liabilities +…

Q: One company had a stock price of $45 per share, earnings per share of $0.75, and dividends per share…

A: In this question we require to compute the price/earnings ratio of company.

Q: If a company has $17,000 in liabilities and $2,500 in equity, then what is the amount of its assets?

A: Accounting equation:Assets = Liabilities + Stockholder\'s equityHere, Liabilities = 17000Equity =…

Q: Complete the following balance sheet based on the information provided below: ASSETS Question 2…

A: (Asset) Turnover ratio =2.45 Total Assets = 1,35,000 Turnover = Total Assets x (Asset) Turnover…

Q: A firm has total assets of $3,000,000. It has $1,200,000 in long-term debt. The stockholder’s equity…

A: Total debt to asset ratio is the one which helps in measuring the total debts of the entity with…

Q: The beginning and ending balances of shareholders' equity for the year were $150,000 and $210,000,…

A: Accounting equation is a mathematical equation that shows relationship between assets, liabilities…

Q: Solve this question

A: Given, Stockholders equity = $416,000 Total liabilities = $208,000 We know that, Stockholders equity…

Q: reported finanical information: Assets $45,800 Liabilities 17,220 common…

A: Accounting equation: Assets = Liabilities + share holders equity. According to double entry concept…

Q: The following information pertains to the Bramble Company. Assume that all balance sheet amounts…

A: Dividend payout ratio indicates the dividend rates to be paid to the common stock holders out of net…

Q: $ $ Current assets Net income 38500 42000 Stockholders' Current liabilities 15400 78600 equity…

A: Earning per share is calculated as net income divided by average shares outstanding.

Q: Sove this Question please

Q: If a company has stockholders' equity of $416,000 and total liabilities of $208,000, what is the…

A: Step 1: Step 2: Step 3: Step 4:

Q: Ernst Company's balance sheet shows total liabilities of $21,738,200, total stockholders' equity of…

A: The debt ratio is a financial measure that shows how much of a company's assets are financed by…

Q: Selected data from Decco Company are presented below: Total assets $1,600,000 Average assets…

A: Formula: Return on Common stock holders equity = ( Net income / Average Common stockholders equity )…

Q: Midyear on July 31st the digby corporation's balance sheet reported: TOtal liabilities of $128.513…

A: Accounting equation is the equation that shows the relationship between assets, liabilities and…

Q: Using the following balance sheet and income statement data, what is the total amount of working…

A: The ratio analysis helps to analyze the financial statements of the business with respect to assets…

Q: ts and $170,000 in shareholders equity. What is the total of the company's liabilities? A. $360,000

A: Total liabilities are the sum of an individual's or company's debts and commitments to third…

Q: Some selected financial statement items belonging to Tower Company are given in the table below.…

A: Return on Equity means income earned on total shareholders Equity amount. This is very important…

Q: The classified balance sheet for company reporte current assets o $1,688,830, tota abilities of…

A: Current ratio = Current assets/current liabilities

Q: 4. What is the debt to total assets ratio of the Company? a. 107% c. 35% b. 30%. d. 14% 5.…

A: One of the useful instruments for analyzing a company's financial statements is the financial ratio.…

Q: Assume a company provided the following balance sheet: Current assets: Current liabilities: Cash $…

A: Debt to equity ratio = Total liabilities / Total stockholders equity where, Total liabilities =…

Q: Table 1 shows a balance sheet for a certain company. All quantities shown are in millions of…

A: Net working capital is that amount of capital which is being used in day to day normal operations in…

Q: Using the following balance sheet and income statement data, what is the current ratio? Current…

A: Current Ratio = Current Assets/ Current Liabilities

Q: Calculate the firm's market value capital structure.

A: Companies issue stocks or shares for raising money from those investors who want to invest their…

Q: As of December 31, Year 2, Moss Company had total cash of $151,000, notes payable of $85,100, and…

A: Accounting Equation:- It is an equation where total assets are equal to the sum of total liabilities…

Q: Total assets are $1,500,000 and stockholders’ equity is $900,000. What is the debtto-equity ratio?a.…

A: Formulas: Debt equity ratio = Debt / Equity ------------------------------ Debt = Total assets -…

Q: The following data was obtained from the current financial statements for Kelly Corporation: Net…

A: Introduction: Gross profit ratio is the percentage of gross profit earned by the company on its net…

Q: 1. A company has $100,000 in assets, $50,000 in liabilities, and $50,000 in owner's equity. What is…

A: The financial ratios are calculated on the basis of various elements of the financial statements of…

Q: 53. If the liabilities of the entity are 1/3 of the total assets, assuming the equity balance is…

A: The accounting equation states that assets equals to sum of liabilities and shareholders equity.

Q: The balance sheet for Shankland Corporation follows: 000 009 $ 000 '006 Current assets Long-term…

A: Working capital = current assets - current liabilities

Q: Want Answer in text mode

A: Step 1: Definition of Working Capital:Working Capital is calculated as current assets minus current…

Q: What is the percentage of Total Liabilities in Total Assets if a firm has 2, 233, 000 in…

A: ACCOUNTING EQUATIONAccounting Equation is a Financial Accounting Technique which represents the…

Q: The following information pertains to Windsor Company. Assume that all balance sheet amounts…

A: Answer - Payout Ratio - Dividends / Net Income. The payout ratio is a financial metric showing the…

Q: Easter Egg and Poultry Company has $1,700,000 in assets and $681,000 of debt. It reports net income…

A: In ratios, two figures from two different balance sheet dates are compared. It is a quantitative…

Q: A company had dividends payable of $35,000 at 31 December 20X1 and dividends payable of $45,000 at…

A: In case dividend is declared, the company debits Retained Earnings and credits dividend payable…

Q: WD Corporation reports the following year-end balance sheet data. The company's debt-to-equity ratio…

A: The objective of the question is to calculate the debt-to-equity ratio of WD Corporation. The…

Q: How do I get both sides to balance? Assets =Liabilities and Stockholders Equity? I cant seem to find…

A: STATEMENT OF SHAREHOLDERS EQUITY Statement of Shareholders Equity is also Known as Changes in…

Q: Using the following financial information, this firm's total debt to total capital ratio is closest…

A: Total D/C ratio is 26%. Here is the working shown below:

Question

A company had total assets of $36,000,000 and Total Stockholder's Equity of $4,000,000. Using accounting equation, how much were Total liabilities?

$36,000,000

$32,000,000

$40,000,000

$4,000,000

$20,000,000

Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.

AI-Generated Solution

AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.

Unlock instant AI solutions

Tap the button
to generate a solution

Click the button to generate
a solution

SEE SOLUTION

Similar questions

Answr with in 30minutes to get upvotes?
A corporation has $91,000 in total assets, $30, 500 in total liabilities, and a $18,600 credit balance in retained earnings. What is the balance in the contributed capital accounts? Multiple Choice $79, 100 $49, 100 $60,500 $41,900
A company has the following selected financial information: Stocks Outstanding Current Assets 100 $280 Total assets $1,200 EBIT $60 Sales $2,400 Stock Price $3 Total liabilities $240 Retain earnings $300 Current Liabilities $100 Altman's Z-score equation is Z = 1.2X1+1.4X2 +3.3X3+0.6X4+1X5. What is the Altman Z-Score? a. 6.4 O b. 5.4 O c. 3.4 O d. 4.8
Complete the following balance sheet based on the information provided ASSETS LIABILITIES & SHAREHOLDERS' EQUITY %$4 Question 2 Accounts payable Cash $63,000 Common stock Accounts receivable %$4 Retained earnings %24 Inventory %24 Plant and equipment, net $56,000 Total liabilities and s135,000 $135,000 Total assets shareholders' equity The values of selected ratios are as follows: Quick ratio 1.40 Average collection period Debt ratio 38 days 0.38 (Asset) Turnover ratio [Answer: Cash = 37,386, AR = 34,434, Inventory = 7,180, AP = 51,300, RE = 20,700] 2.45 %3D %3D %3D %3D
Given the following information, what is the ratio of liabilities to stockholders’ equity?
What is the price earnings ratio for this company? Round your answer to one decimal point. Assets: Cash and short-term investments $ 40,000 Accounts receivable (net) 25,000 Inventory 20,000 Property, plant and equipment 210,000 Total assets $295,000 Liabilities and Stockholders' Equity Current liabilities 60,000 Long-term liabilities 85,000 Stockholders' equity-common 150,000 Total liabilities and stockholders' equity $295,000 Income Statement Net sales $ 85,000Cost of goods sold…
A firm has common stock of $100, paid-in surplus of $300, total liabilities of $500, current assets of $400, and net fixed assets of $600. What is the amount of the shareholders’ equity
The following information pertains to Marsh Company. Assume that all balance sheet amounts represent average balance figures Total asset $400.000 Stockholders' equity-common 200,000 Total stockholders' equity 280,000 Sales 120,000 Net income 30,000 Number of shares of common stock 8,000 Common dividends 6,000 Preferred dividends 4,000 What is Marsh's return on common stockholders' equity? a. 15% b. 13.0% c. 10.0% d. 9.3%
Asiago Company reports the following year-end balance sheet data. The company's equity ratio equals: Cash Accounts receivable Total assets Long-term liabilities Inventory 60,000 Common stock 100,000 Retained Equipment 145,000 earnings 1.70 2.07 0.63 1.22 $ Current 40,000 liabilities 1.59 55,000 Total liabilities $ 75,000 $ 300,000 and equity 36,000 89,000 $ 300,000 <
Mcq help