The company has 1000000 shares of common stock authorized 50

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 $ 240

Solution

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%