Assets totaled $25,550 and liabilities. totaled $8,630 at the beginning of the year. During the year, assets decreased by $3,630 and liabilities increased by $2,930. What is the amount of the change. in stockholders' equity during the year?
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- Assuming that total assets were $8,037,000 at the beginning of the current fiscal year, determine the following: When required, round to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity c. Asset turnover d. Return on total assets e. Return on stockholders' equity f. Return on common stockholders' equity % % %What must have been the net income for the year?Assets totaled $25,550 and liabilities totaled $8,630 at the beginning of the year. During the year, assets decreased by $3,630 and liabilities increased by $2,930. What is the amount of the change in stockholders' equity during the year?
- If total assets decreased by $48,064 during a period of time and stockholders' equity increased by $30,995 during the same period, what is the amount and direction (increase or decrease) of the period's changes in total liabilities?If total assets decreased by $52,315 during a period of time and stockholders' equity increased by $28,372 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities isAnswer
- At 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.Given the following information, what is the ratio of liabilities to stockholders’ equity?Alpesh
- If total liabilities decreased by $22,619 during a period of time and stockholders' equity increased by $34,276 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is aRatio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Year Prior Year Accounts payable $552,000 $162,000 Current maturities of serial bonds payable 370,000 370,000 Serial bonds payable, 10% 1,520,000 1,890,000 Common stock, $1 par value 80,000 100,000 Paid-in capital in excess of par 900,000 900,000 Retained earnings 3,090,000 2,460,000 The income before income tax expense was $491,400 and $430,000 for the current and prior years, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each year. Round to one decimal place. Current year Prior year b. Determine the times interest earned ratio for both years. Round to one decimal place. Current year Prior yearGeneral Accounting