Question

The balance sheet of Lamont Bros. follows:


a. What portions of Lamont’s assets were provided by debt, contributed capital, and earned capital? Reduce contributed capital by the cost of the treasury stock.
b. Compute the company’s debt/equity ratio. Compute the debt/equity ratio if the preferred stock issuance was classified as a long-term debt.
c. In most states, to what dollar amount of dividends would the company belimited?


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  • CreatedAugust 19, 2014
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