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Atlantis Inc. provides the following data: Atlantis Inc. Comparative Balance Sheet Year Ended Dec 31, 2015 2015 Assets Current Assets: Cash and Cash Equivalents $29,000
Atlantis Inc. provides the following data:
Atlantis Inc. |
Comparative Balance Sheet |
Year Ended Dec 31, 2015 |
2015 | |
Assets | |
Current Assets: | |
Cash and Cash Equivalents | $29,000 |
Accounts Receivable, Net | 31,000 |
Merchandise Inventory | 53,000 |
Total Current Assets | $113,000 |
Property, Plant, and Equipment, Net | 120,000 |
Total Assets | $233,000 |
Liabilities | |
Current Liabilities: | |
Accounts Payable | $4,000 |
Notes Payable | 2,000 |
Total Current Liabilities | $6,000 |
Long-term Liabilities | 84,000 |
Total Liabilities | $90,000 |
Stockholders' Equity | |
Common Stock | $30,000 |
Retained Earnings | 113,000 |
Total Stockholders' Equity | $143,000 |
Total Liabilities and Stockholders' Equity | $233,000 |
Calculate the debt to equity ratio.
0.92 | ||
1.33 | ||
0.60 | ||
0.63 |
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