The following data were taken from Miller Company's balance sheet: Dec. 31, Year 2 Dec. 31, Year 1 Total liabilities $150,000 $105,000 Total stockholders' equity 75,000 60,000 a. Compute the ratio of liabilities to stockholders' equity. Round your answers to one decimal place. Liabilities toStockholders' Equity 12/31/Year 2: fill in the blank 1 12/31/Year 1: fill in the blank 2 b. Has the creditors' risk increased or decreased from December 31, Year 1, to December 31, Year 2?
The following data were taken from Miller Company's balance sheet: Dec. 31, Year 2 Dec. 31, Year 1 Total liabilities $150,000 $105,000 Total stockholders' equity 75,000 60,000 a. Compute the ratio of liabilities to stockholders' equity. Round your answers to one decimal place. Liabilities toStockholders' Equity 12/31/Year 2: fill in the blank 1 12/31/Year 1: fill in the blank 2 b. Has the creditors' risk increased or decreased from December 31, Year 1, to December 31, Year 2?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
The following data were taken from Miller Company's balance sheet:
| Dec. 31, Year 2 | Dec. 31, Year 1 | ||
| Total liabilities | $150,000 | $105,000 | |
| Total stockholders' equity | 75,000 | 60,000 |
a. Compute the ratio of liabilities to stockholders' equity. Round your answers to one decimal place.
| Liabilities to Stockholders' Equity |
|
| 12/31/Year 2: | fill in the blank 1 |
| 12/31/Year 1: | fill in the blank 2 |
b. Has the creditors' risk increased or decreased from December 31, Year 1, to December 31, Year 2?
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