Robinson Water Company reported the following items on its statement of shareholders’ equity for the year ended December 31, 2014 (amounts in thousands of $):

1. Determine the December 31, 2014, balances in Robinson Water’s shareholders’ equity accounts and total shareholders’ equity on this date.
2. Robinson Water’s total liabilities on December 31, 2014, are $7,400. What is Robinson Water’s debt ratio on this date?
3. Was there a profit or a loss for the year ended December 31, 2014? How can you tell?
4. At what price per share did Robinson Water issue common stock during2014?

  • CreatedJuly 25, 2014
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