Debt Ratio
Use the information in Practice 3 7 to compute the debt ratio. Assume that the list includes all liability and equity items.
Practice 3 7
Stockholders’ Equity
Using the following information, compute: (a) total contributed capital, (b) ending retained earnings, and (c) total stockholders’ equity:
|
Additional Paid In Capital, Common |
$ 9,000 |
|
Accounts Payable |
1,100 |
|
Total Expenses |
7,800 |
|
Preferred Stock, at par |
1,750 |
|
Common Stock, at par |
400 |
|
Sales |
10,000 |
|
Treasury Stock |
250 |
|
Dividends |
700 |
|
Retained Earnings (beginning) |
1,000 |
|
Additional Paid In Capital, Preferred |
50 |