After the first year of operations, Emmitt Company had $55,000 of assets and $25,000 of stockholders' equity. What is the amount of Emmitt's liabilities?
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- The company has current liabilities of $530,000, long-term liabilities of $1,000,000, total assets of $2,400,000, and stockholders' equity company's debt to total assets ratio is (give the answer in percent with % sign and round the answer to two decimal places). *Given the following information, what is the ratio of liabilities to stockholders' equity? Fixed assets (net) at year-end $400,000 Average fixed assets 450,000 Total assets 500,000 Long-term liabilities 300,000 Total liabilities 350,000 Total stockholders' equity 250,000 Total liabilities and stockholders' equity 500,000 Interest expense 5,000 Income before income tax 150,000 Net income 100,000 O a. 0.7 O b. 1.2 O c. 1.4 O d. 0.6The total assets of Bramble Co. are $795,000 and its liabilities are equal to one-fourth of its total assets. What is the amount of Bramble's stockholders' equity?
- Krammer Company has liabilities equal to one fourth of the total assets. Krammer's stockholders' equity is $45,000. Using the accounting equation, what is the amount of liabilities for Krammer?$_____ in liabilities.The company had the following final balances after the Arst year af aperations: assets, $45,000, stockhalder equity, $25,000; dividends, $3,000; and net income, $10,000. What is the amount of the tompany liabilities? A $13,000. B $7,000. C $40,000. D $65,000.The total assets of Dierdorf Co. are $780,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Dierdorf Co.'s stockholders' equity?
- Please given answerAt the beginning of the year, the net assets of Shannon Co. were $617,900. The only transactions affecting stockholders’ equity during the year were net income of $60,800 and dividends of $16,600.Required:Calculate Shannon Co.’s return on equity (ROE) % for the year.The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $28,000; Liabilities = ?; Common Stock = $5,800; Revenue = $12,600; Dividends = $1,150; Beginning Retained Earnings = $4,150; Ending Retained Earnings = $7,800.What is the amount of liabilities reported on the end-of-period balance sheet ?
