Question
Assets Amount (USD) Liabilities and Equity Amount (USD) Cash $100,000 Accounts Payable $25,000 Accounts Receivable $70,000 Notes Payable $30,000 Inventory $80,000 Long-term Debt $110,000 Property
Assets | Amount (USD) | Liabilities and Equity | Amount (USD) |
Cash | $100,000 | Accounts Payable | $25,000 |
Accounts Receivable | $70,000 | Notes Payable | $30,000 |
Inventory | $80,000 | Long-term Debt | $110,000 |
Property | $180,000 | Shareholders' Equity | $250,000 |
Determine the debt-to-equity ratio for the company based on the provided balance sheet.
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Financial Reporting and Analysis Using Financial Accounting Information
Authors: Charles H. Gibson
13th edition
1285401603, 1133188796, 9781285401607, 978-1133188797
