Current liabilities $ 1,065 $ 1,646 Long-term debt 1,952 2,274 Total liabilities $ 3,017 $ 3,920 Total stockholders' equity 1,704 2,633 Total liabilities and stockholders' equity $ 4,721 $ 6,553 Debt Ratio for two years

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...
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Current liabilities
$ 1,065
$ 1,646
Long-term debt
1,952
2,274
Total liabilities
$ 3,017
$ 3,920
Total stockholders' equity
Total liabilities and stockholders' equity $ 4,721
1,704
2,633
$ 6,553
Debt Ratio for two years
Transcribed Image Text:Current liabilities $ 1,065 $ 1,646 Long-term debt 1,952 2,274 Total liabilities $ 3,017 $ 3,920 Total stockholders' equity Total liabilities and stockholders' equity $ 4,721 1,704 2,633 $ 6,553 Debt Ratio for two years
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