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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Related Book For
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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