The following financial information was taken from a firm's accounting records on December 31, 2019. Use this information to determine the items below.
$\begin{array}{ll}
\text { Accounts Payable } & \$ 157,000 \
\text { Bonds Payable, 2023 } & 180,000 \
\text { Common Stock ( } \$ 25 \text { par value) } & 300,000 \
\text { Retained Earnings } & 242,000
\end{array}$
Market price of the common stock on December 31, 2019 was $50.
(1.) Ratio of stockholders' equity to total equities
(2.)Ratio of stockholders' equity to total liabilities
(3.) Book value per share of common stock

Question

The following financial information was taken from a firm's accounting records on December 31, 2019. Use this information to determine the items below.
$\begin{array}{ll}
\text { Accounts Payable } & \$ 157,000 \
\text { Bonds Payable, 2023 } & 180,000 \
\text { Common Stock ( } \$ 25 \text { par value) } & 300,000 \
\text { Retained Earnings } & 242,000
\end{array}$ 
Market price of the common stock on December 31, 2019 was $50. 
(1.) Ratio of stockholders' equity to total equities
(2.)Ratio of stockholders' equity to total liabilities
 (3.) Book value per share of common stock

Quizplus · Accepted Answer

The Answer of The following financial information was taken from a firm's accounting records on December 31, 2019. Use this information to determine the items below.
$\begin{array}{ll}
\text { Accounts Payable } & \$ 157,000 \
\text { Bonds Payable, 2023 } & 180,000 \
\text { Common Stock ( } \$ 25 \text { par value) } & 300,000 \
\text { Retained Earnings } & 242,000
\end{array}$ 
Market price of the common stock on December 31, 2019 was $50. 
(1.) Ratio of stockholders' equity to total equities
(2.)Ratio of stockholders' equity to total liabilities
 (3.) Book value per share of common stock

The Following Financial Information Was Taken from a Firm's Accounting