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According to the information presented below, can you calculate the Debt-to-Equity Ratio for Alternatives, INC? *Round your answer to the nearest two decimals (nearest
According to the information presented below, can you calculate the Debt-to-Equity Ratio for Alternatives, INC? *Round your answer to the nearest two decimals (nearest hundredth), if needed. Please type your answer as a decimal and not as percentage (i.e., 0.052 and not 5.2). Please do not type symbols in your answer (e.g., $, %, ...) EXTRACT FROM FINANCIAL STATEMENTS Alternatives, INC Balance Sheet Extract Cash & Equivalents $9,649,491 Receivables $3,621,469 Inventory $8,041,117 Total Current Assets $21,006,933 Total Non-Current Assets $11,472,834 Payables $2,943,380 Total Current Liabilities $11,796,550 Total Liabilities $13,494,561 Number of Shares Outstanding 1,051,115 Shareholders' Equity ??? Price per Share $140 Alternatives, INC Income Statement Extract Total Revenue $44,683,852 Cost of Goods Sold $28,681,494 Depreciation $755,153 Operating Expenses $14,421,532 Interest Expense $1,431,328 Earnings before Interest and Taxes (EBIT) Net Income ??? ??? Payout Ratio 47
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