Hatfield Corporation reports the following amounts in its 2020 financial statements:

Instructions
a. Compute the December 31, 2020, balance in stockholders€™ equity.
b. Compute the debt to assets ratio at December 31, 2020.
c. Compute times interest earned for 2020.

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At December 31, 2020 For the Year 2020 $1,000,000 Total assets Total liabilities Total stockholders' equity Interest expense Income tax expense Net income 580,000 ? $ 20,000 100,000 150,000