Question
Bailey Corporation reported the following information for 2016: Net income $10,000 Total assets 16,000 Total stockholders' equity 8,000 What is Bailey's debt-to-equity ratio? 1.00 3.00
Bailey Corporation reported the following information for 2016:
| Net income | $10,000 |
| Total assets | 16,000 |
| Total stockholders' equity | 8,000 |
What is Bailey's debt-to-equity ratio?
1.00
3.00
1.25
2.00
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
8th Canadian Edition
111959457X, 978-1119594574
