Question
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, if needed.
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, if needed. If the answer is a percentage, please type as a percentage and not as decimal (i.e., 5.2 and not 0.052). Please do not type symbols in your answer (e.g., $, %, ...) ----- EXTRACT FROM FINANCIAL STATEMENTS ----- Alternatives, INC Balance Sheet Extract Cash & Equivalents $10,436,120 Receivables $3,556,740 Inventory $6,645,567 Total Current Assets $25,934,203 Total Non-Current Assets $12,000,295 Payables $3,350,775 Total Current Liabilities $10,072,583 Total Liabilities $13,066,899 Number of Shares Outstanding 1,479,854 Shareholders' Equity ??? Price per Share $147 Alternatives, INC Income Statement Extract Total Revenue $47,227,548 Cost of Goods Sold $23,615,030 Depreciation $733,902 Operating Expenses $15,045,180 Interest Expense $1,595,648 Earnings before Interest and Taxes (EBIT) ??? Net Income ??? Payout Ratio 46
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