Acc280 Financial Accounting: E15-14 Seven Corporation reports the following amounts

Acc280 Financial Accounting
E15-14
Seven Corporation reports the following amounts in their 2010 financial statements:
At December 31, 2010 For the Year 2010
Total assets 1,000,000
Total liabilities 620,000
Total stockholders' equity $380,000
Interest expense 7,000
Income tax expense 100,000
Net income 150,000

a. Compute the December 31, 2010, balance in stockholders' equity.
b. Compute the debt to total assets ratio at December 31, 2010. (Round answer to 0 decimal places, e.g. 125.)
c. Compute times interest earned for 2010. (Round answer to 1 decimal place, e.g. 10.5.)
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