Question
According to the information presented below, can you calculate the Debt-to-Equity Ratio for Alternatives, INC? ----- EXTRACT FROM FINANCIAL STATEMENTS Alternatives, INC Balance Sheet Extract
According to the information presented below, can you calculate the Debt-to-Equity Ratio for Alternatives, INC?
----- EXTRACT FROM FINANCIAL STATEMENTS Alternatives, INC
Balance Sheet Extract
Cash & Equivalents $9,788,155
Receivables $2,434,159
Inventory $6,193,798
Total Current Assets $23,260,816
Total Non-Current Assets $11,947,244
Payables $2,431,518
Total Current Liabilities $11,256,082
Total Liabilities $14,952,355
Number of Shares Outstanding 1,406,537
Shareholders' Equity ???
Price per Share $125
Alternatives, INC
Income Statement Extract
Total Revenue $47,410,350
Cost of Goods Sold $26,959,788
Depreciation $805,825
Operating Expenses $13,838,185
Interest Expense $2,135,752
Earnings before Interest and Taxes (EBIT) ???
Net Income ???
Payout Ratio 44
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started