Use the following information to answer questions
The following asset and liability accounts are shown on Mason Store's December 31, 2010, balance sheet:

-What is Mason's long-term debt to stockholders' equity ratio at December 31, 2010?

Question

Use the following information to answer questions 
The following asset and liability accounts are shown on Mason Store's December 31, 2010, balance sheet:
 
-What is Mason's long-term debt to stockholders' equity ratio at December 31, 2010?

Quizplus · Accepted Answer

Mason's long-term debt is $1,000,000 and its stockholders' equity is $5,340,000. Therefore, its long-term debt to stockholders' equity ratio is $1,000,000/$5,340,000 = 18.7%.

Use the Following Information to Answer Questions