Ask Question
7 January, 15:43

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

Total Current Liabilities $51,670

Total Stockholders' Equity $?

Total Current Assets 25,680

Other Assets 45,600

Long-term Liabilities 143,010

Property, Plant, and Equipment, Net 249,000

Compute the debt to equity ratio at December 31, 2018.

+3
Answers (1)
  1. 7 January, 17:17
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Bennett Corporation has the following data as of December 31, 2018 : Total Current Liabilities $51,670 Total Stockholders' Equity $? Total ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers