Questions: 1.True or false? If total assets of a company equal $16,000 and total stockholders' equity equals $8,000, then total liabilities equal $24,000. 2.If total assets increased by $4,360 and total liabilities decreased by $3,280 during a period of time, then stockholders' equity must have changed by what amount and direction during that same period?

Questions: 1.True or false? If total assets of a company equal $16,000 and total stockholders' equity equals $8,000, then total liabilities equal $24,000. 2.If total assets increased by $4,360 and total liabilities decreased by $3,280 during a period of time, then stockholders' equity must have changed by what amount and direction during that same period?

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 6CP: The average liabilities, average stockholders' equity, and average total assets are as follows: 1....

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The average liabilities, average stockholders' equity, and average total assets are as follows: 1. Determine the following ratios for both companies, rounding ratios and percentagesto one decimal place: a. Return on total assets b. Return on stockholders' equity c. Times interest earned d. Ratio of total liabilities to stockholders' equity 2. Based on the information in (1), analyze and compare the two companies'solvency and profitability. Comprehensive profitability and solvency analysis Marriott International, Inc., and Hyatt Hotels Corporation are two major owners and managers of lodging and resort properties in the United States. Abstracted income statement information for the two companies is as follows for a recent year (in millions): Balance sheet information is as follows:
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If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity is: A. $32,000. B. $(32,000). C. $(8000). D. $8,000.
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