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16 March, 03:25

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.

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  1. 16 March, 03:45
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    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
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