Kindly help me with this question general Accounting Atlas Manufacturing has the following financialinformation:••Total Assets: $18,750,000•Current Liabilities: $3,250,000Long-term Liabilities: $5,500,000Number of Common Shares Outstanding: 250,000

Step 1: Define Shareholders' EquityShareholders' Equity represents the residual interest in a…

Answered: Atlas Manufacturing has the following…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 62BE: Brief ExerciseRatio Analysis Valiant Corporation has $1,800,000 in total liabilities, $800,000 of...

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Fields, Incorporated, has the following book value balance sheet: Total Debt and Equity Assets Current assets $130,000,000 Total debt Net fixed assets Total assets 325,000,000 a. Debt-equity ratio b. Debt-equity ratio $ 455,000,000 Equity Common stock Capital surplus Accumulated retained earnings Total shareholders' equity Total debt and shareholders' equity $ 220,000,000 $ 40,000,000 75,000,000 120,000,000 times times $ 235,000,000 a. What is the debt-equity ratio based on book values? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) b. Suppose the market value of the company's debt is $221.5 million and the market value of equity is $675 million. What is the debt-equity ratio based on market values? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) $ 455,000,000
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Atlas Manufacturing has the following financial information: • • Total Assets: $18,750,000 • Current Liabilities: $3,250,000 Long-term Liabilities: $5,500,000 Number of Common Shares Outstanding: 250,000