Using the information provided in Garber Corporation's balance sheet. Calculate the following financial statement elements as a percentage of assets:a) the total liabilitiesb) common stockc) retained earningsd) total stockholder's equitye) total liabilities and stockholders' equity

What will be an ideal response?


a) $22,000/ $81,800 = 26.89%
b) $48,000/ $81,800 = 58.68%
c) $11,800/ $81,800 = 14.43%
d) $59,800/ $81,800 = 73.11%
e) $81,800/ $81,800 = 100%

Business

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What will be an ideal response?

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