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2011 Netnaten Le cost of read Les Depreciation Earnings before interest and taxes Less Interest paid Taxable income Less Taxes Net income 1.170 10 S760

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2011 Netnaten Le cost of read Les Depreciation Earnings before interest and taxes Less Interest paid Taxable income Less Taxes Net income 1.170 10 S760 2010 2011 Cash Accounts ree Inventory Total Net fixed assets Total assets Banside, Inc 2010 and 2011 Balance Sheets (s in thousands) 2010 2011 S 70 S 180 Accounts payable 980 8.40 Long-term debt 1,500 1.990 Common stock $2,610 $3,010 Retained earnings 3.600 3,360 S6,210 S6,370 Total liabilities & equity S1,350 $1,170 720 500 3.200 3,500 9:40 1.200 S6.210 S6,370 What is the debt-equity ratio for 2011? Hintyou must consider TOTAL debt and TOTAL equity

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