The following data were taken from Mesa Company's balance sheet: Dec. 31, 2016 Dec. 31, 2015 Total

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The following data were taken from Mesa Company's balance sheet:

Dec. 31, 2016 Dec. 31, 2015

Total liabilities...............$547,800................$518,000

Total owner's equity...........415,000.................370,000

a. Compute the ratio of liabilities to owner's equity.

b. Has the creditor's risk increased or decreased from December 31, 2015, to December 31, 2016?

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Financial Accounting

ISBN: 978-1305088436

14th edition

Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac

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Question Posted: Dec 19, 2016 10:37 AM

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The following data were taken from Mesa Company's balance sheet: Dec. 31, 2016 Dec. 31, 2015 Total

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a Dec31 Dec31 2016 2015 Total liabilities 547800 518000 To...View the full answer

Financial Accounting

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