Barrett Company's stockholders' equity equals one-fourth of the company's total assets. The company's liabilities are $360,000 . What is the amount of the company's stockholders' equity?
Assets = Liabilities + Stockholders' Equity
A = 3/4 A + 1/4 A
A = $360,000 รท 0.75 = $480,000
Stockholders' Equity = $480,000 - $360,000 = $120,000
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