Hatfield Corporation reports the following amounts in its 2014 financial statements:

Instructions

(a) Compute the December 31, 2014, balance in stockholders€™ equity.

(b) Compute the debt to assets ratio at December 31, 2014.

(c) Compute times interest earned for 2014.

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At December 31, 2014 For the Year 2014 Total assets Total liabilities Total stockholders' equity Interest expense Income tax expense Net income $1,000,000 580,000 100,000 150,000