Willow Corporation's statement of financial position showed the following amounts: current liabilities, ($ 5,000); bonds payable, ($

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Willow Corporation's statement of financial position showed the following amounts: current liabilities, \(\$ 5,000\); bonds payable, \(\$ 1,500\); lease obligations, \(\$ 2,300\). Total shareholders' equity was \(\$ 6,000\). The total debt to total equity ratio is

a. 0.63

b. 0.83

c. 1.42

d. 1.47

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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