2013年11月3日星期日

Please help with calculating owner's equity!?

  • debt consolidation loan
  • what is equity
Barr Company had total assets of $320,000 in 2010, $340,000 in 2011, and $380,000 in 2012. The company's debt to equity ratio was 0.67 times in all three years. In 2011, Barr had net income of $38,556 on revenues of $612,000. In 2012, it had net income of $49,476 on revenues of $798,000.


Need to complete a return on equity ratio, but I don't understand how to calculate owner's equity without liabilities, or how to get there with the debt to equity ratio. Thanks in advance to anyone who can explain this!

Please help with calculating owner's equity!?

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