Exercise 15-13 a-c Crane Corporation reports the following amounts in its 2020 financial statements: At...
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Accounting
Exercise 15-13 a-c Crane Corporation reports the following amounts in its 2020 financial statements: At December 31, 2020 For the Year 2020 Total assets Total liabilities Total stockholders' equity Interest expense Income tax expense Net income $1,120,000 784,000 $20,000 100,500 155,500 Compute the December 31, 2020, balance in stockholders' equity. Total stockholders' equity Compute the debt to assets ratio at December 31, 2020 Debt to assets ratio Compute times interest earned for 2020. (Round answer to 2 decimal places, e.g. 15.25.) Times interest earned ratio times
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