compute the december 31 2012 balance in stockholders equity 581483

Brasswood Corporation reports the following amounts in its 2012 financial statements:

At December 31, 2012

For the Year 2012

Total assets

$1,000,000

Total liabilities

620,000

Total stockholders’ equity

?

Interest expense

$ 7,000

Income tax expense

100,000

Net income

150,000

Instructions

(a) Compute the December 31, 2012, balance in stockholders’ equity.

(b) Compute the debt to total assets ratio at December 31, 2012.

(c) Compute times interest earned for 2012.