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Compute the ratio of liabilities to owner equity

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Reference no: EM132678335

Problem - The following data were taken from Hawthorne Company's balance sheet:

 

Dec. 31, 2019

Dec. 31, 2018

Total liabilities

$120,000

$105,000

Total owner's equity

80,000

75,000

Required -

a. Compute the ratio of liabilities to owner's equity.

b. Has the creditors' risk increased or decreased from December 31, 2018, to December 31, 2019?

Reference no: EM132678335

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