Ranger Corporation reports the following amounts in their 2018 financial statements: 
Instructions
(a) Compute the December 31, 2018, balance in stockholders' equity.
(b) Compute the debt to assets ratio at December 31, 2018.
(c) Compute times interest earned for 2018.
Definitions:
Pollution Abatement
Measures or actions taken to reduce, control, or eliminate pollution from various sources in order to protect the environment.
Marginal Benefit
The heightened enjoyment or usefulness one receives by using an additional unit of any good or service.
Law of Diminishing Returns
A principle stating that as one factor of production is increased while others are held constant, the resulting addition to output will eventually decrease.
Coase Theorem
An economic theory stating that if private parties can bargain without cost over the allocation of resources, they can solve the problem of externalities on their own.
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