Seven Corporation reports the following amounts in their 2010 financial statements

Instructions

(a) Compute the December 31, 2010, balance in stockholders’ equity.

(b) Compute the debt to total assets ratio at December 31, 2010.

(c) Compute times interest earned for 2010.

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At December 31, 2010 For the Year 2010 Total assets Total liabilities Total stockholders' equity Interest expense Income tax expense Net income $1,000,000 620,000 ? $ 7,000 100,000 150,000