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3 years ago

Bennett Corporation has the following data as of December 31, 2018:

Business

1 answer:

jenyasd209 [6]3 years ago

6 0

Answer:

1.55

Explanation:

Total assets:

= Total Current Assets + Other Assets + Property, Plant, and Equipment

= 25,680 + 45,600 + 249,000

= $320,280

Total liabilities:

= Total Current Liabilities + Long-term Liabilities

= $51,670 + $143,010

= $194,680

Stockholder's equity:

= Total assets - Total liabilities

= $320,280 - $194,680

= $125,600

Debt to equity ratio:

= Total liabilities ÷ Stockholder's equity

= $194,680 ÷ $125,600

= 1.55

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3 years ago

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3 years ago

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Answer:

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Bennett Corporation has the following data as of December​ 31, 2018​:

Bennett Corporation has the following data as of December 31, 2018: