Question

Question 2 Using the financial information below, calculate company XYZ's 2017 Liabilities to Shareholder Equity ratio....

Question 2

Using the financial information below, calculate company XYZ's 2017 Liabilities to Shareholder Equity ratio. Enter your answer as a decimal with four places of precision (i.e. 0.1234).

xid-100948877_1

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Liabilities to shareholders equity ratio = Total liabilities / Total Equity

From the given data Total liabilities = Account Payable+ Deferred Revenue+Net note payable

Total Equity = Common Stock + Retained Earnings

Total Liabilities = 5000+1000+ 10000-800 = 15200

Total Equity = 12,000+4,800 = 16,800

Ratio = 15,200 / 16,800 = .9047

Add a comment
Know the answer?
Add Answer to:
Question 2 Using the financial information below, calculate company XYZ's 2017 Liabilities to Shareholder Equity ratio....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT