The following information was taken from Weston Company's 2028 balance sheets: Weston Company's income statement...
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The following information was taken from Weston Company's 2028 balance sheets: Weston Company's income statement for 2028 is given below: Additional information for Weston Company includes: 1) Net income for 2028 was equal to 170% of the interest expense for 2028. 2) The times interest earned ratio for 2028 was 3.4. 3) The debt-to-equity ratio at December 31,2028 was 0.62. 4) The return on equity (ROE) ratio for 2028 was 40% Calculate the amount of assets reported on Weston Company's December 31,2028 balance sheet
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