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Wildhorse Corporation reports the following amounts in its 2020 financial statements: At December 31, 2020 For the Year 2020
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Answer #1

Total stockholders equity = Total assets - total liabilities

= 1100000-550000 = $550000

Debt to assets ratio = Total liabilities / Total assets

= 550000/1100000

= 50%

Time interest earned ratio = income before interest and taxes / interest expense

= (157500+136500+20000)/20000

= 15.7 times

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