(Answered) Question - at the beginning of the year anderson

Accounting

Question - At the beginning of the year, Anderson Corporation's assets were $150,000 and its stockholders' equity was $100,000. During the year, assets increased $10,000 and liabilities decreased $10,000.

a) What was the debt equity ratio at the end of the year?

b) Determine the net income or loss for the year if the stockholders made an additional investment of $5,000 during the year.

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