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At the end of the current year, the following information is available for both Pulaski Company and Scott Company. Pulaski Company Scott Company Total assets
At the end of the current year, the following information is available for both Pulaski Company and Scott Company. |
Pulaski Company | Scott Company | |||
Total assets | $ | 2,326,000 | $ | 1,195,000 |
Total liabilities | 833,000 | 527,000 | ||
Total equity | 1,493,000 | 668,000 |
Required: | |
1. | Compute the debt-to-equity ratios for both companies.
Show numerator, denominator and then debt to equity ratio |
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