ans)
Total Assets (given) - Total Liabilities (given) = Total Stockholders' Equity (plug)
221066899 - 121082334 = 99984565
New stock issued = 75000 X 37.61 = 2820750
Total Stockholders' Equity (above) - New stock issued (above) = Old Stock
99984565 - 2820750 = 97163815
Total Assets / Total Stockholders' Equity = Leverage
221066899 / 99984565 = 2.21 or 2.7
Since this gives us the desired leverage figure, we can be confident of TA, TSE, and TL
True statements are:
1. Total liabilities = 121082334
2. Baldwin will issue stock totalling $2820750
3.Total Assets will rise to $221066899
Hope this helps you