Calculate the debt to equity ratio for Blue Line Studio Inc. Below is an excerpt from their

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Calculate the debt to equity ratio for Blue Line Studio Inc. Below is an excerpt from their balance sheet line items:

• Current liabilities 342,000

• Long-term debt 688,000

• Total equity 750,000

a. 1.37

b. 0.92

c. 0.46

d. 2.00

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Fundamental Accounting Principles Volume II

ISBN: 978-1260305838

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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