BraxtonBraxton Corporation has the following data as of December? 31, 20162016?:
ID: 2524053 • Letter: B
Question
BraxtonBraxton
Corporation has the following data as of December? 31,
20162016?:
Total current liabilities
$41,640
Total stockholders' equity
$ ?
Total current assets
56,900
Other assets
28,310
Long-term liabilities
114,490
Property, plant, and equipment, net
191,020
Compute the debt to equity ratio at December? 31,
20162016.
? (Round your answer to two decimal? places, X.XX.)
/
=
Debt to equity ratio
/
=
Total current liabilities
$41,640
Total stockholders' equity
$ ?
Total current assets
56,900
Other assets
28,310
Long-term liabilities
114,490
Property, plant, and equipment, net
191,020
Explanation / Answer
Total assets=Total current assets+Other assets+Property, plant, and equipment, net
=(56900+28310+191020)=$276230
Total liabilities=Total current liabilities+Long term liabilites
=(41640+114490)=$156130
Total assets=Total liabilities+Total stockholders equity
Total stockholders equity=(276230-156130)=$120100
Total liability/ Total equity= Debt to equity ratio 156130/ 120100= 1.3Related Questions
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