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Easy Company Reported the Following Data at Year-End

Question 156

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Easy Company reported the following data at year-end:  Total shareholders’ equity $200,000 Current liabilities 75,000 Total assets 350,000 Current assets 80,000 Common stock (par $10) 125,000 (a)  Compute the debt/equity ratio:  (b)  Compute shareholders’ equity to total equities:  (c)  Compute creditors’ equity to total equities:  (d)  Compute the current ratio: \begin{array}{l}\begin{array} { | l | r | } \hline \text { Total shareholders' equity } & \$ 200,000 \\\hline \text { Current liabilities } & 75,000 \\\hline \text { Total assets } & 350,000 \\\hline \text { Current assets } & 80,000 \\\hline \text { Common stock (par \$10) } & 125,000 \\\hline\end{array}\\\\\begin{array} { | l | l | } \hline \text { (a) } & \text { Compute the debt/equity ratio: } \\\hline \text { (b) } & \text { Compute shareholders' equity to total equities: } \\\hline \text { (c) } & \text { Compute creditors' equity to total equities: } \\\hline \text { (d) } & \text { Compute the current ratio: } \\\hline\end{array}\end{array}

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(a) ($350,000 - $200,000)/$200...

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