The company has 1,000,000 shares of common stock authorized, 500,000 shares issu
ID: 2402440 • Letter: T
Question
The company has 1,000,000 shares of common stock authorized, 500,000 shares issued, and 200,000 outstanding as of both 12/31/2017 and 12/31/2016
A. 24.0%
B. 54.2%
C. 45.8%
D. 76.0%
E. 100%
At the end of the current year, what portion of this company's assets is financed with equity? Income Statement ($000s Balance Sheet ($000s) 2012 2016 2017 2016 Revenues $150 $200 $175 Cash $ 10 Cost of Goods Sod 110 100 Accounts Receivable 30 40 Operating Expenses 30 28 Inventory 20 40 interest xpense20 12Plant Property, Equipment Plant, Property, Equipment 180 200 Net Income $430 4035 Total Assets $ 240Explanation / Answer
Common stock = $200,000
Net income = $40,000
Total equity = $240,000
Total assets for current year 2017 = $240,000
% of common stock to total assets = 240,000/240,000 = 100%