If total assets decreased by $5,000 and total liabilities increased by $3,800 during a period of time, then by how much and in what direction must stockholders' equity have changed during the same period?

If total assets decreased by $5,000 and total liabilities increased by $3,800 during a period of time, then by how much and in what direction must stockholders' equity have changed during the same period?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Need answer the financial accounting question

If total assets decreased by $5,000 and total liabilities increased
by $3,800 during a period of time, then by how much and in
what direction must stockholders' equity have changed during
the same period?

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Jolie Foster Care Homes Incorporated shows the following data: Total Assets $ 1,970,000 2,460,000 2,740,000 2,830,000 Year 20X1 20X2 20X3 20X4 Net Income $ 192,000 221,000 196,000 189,000 Year 20X1 20X2 20X3 20X4 a-1. Compute the ratio of net income to total assets for each year. Note: Input your answers as a percent rounded to 2 decimal places. Return on Assets Stockholders' Equity $ 1,460,000 1,845,000 1,910,000 1,900,000 % % % % Total Debt $ 510,000 615,000 830,000 930,000
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