Answered: Stefan Company’s ratio of Liabilities…

Stefan Company’s ratio of Liabilities to Stockholders’ Equity is 0.6. If the company’s total assets are $48,000, determine the company’s liabilitiesA. $12,000B. $30,000 C. $18,000 D. $28,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...

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Question

Stefan Company’s ratio of Liabilities to Stockholders’ Equity is 0.6. If the company’s total assets are $48,000, determine the company’s liabilities
A. $12,000
B. $30,000

C. $18,000

D. $28,000

Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.

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