Question
company presents the following balance sheet. (dollars in thousands) Assets: Liabilities: Cash $60 Accounts payable $240 Accounts receivable (net) 170 Other liabilities 80 Investments 50
company presents the following balance sheet.
(dollarsinthousands)
Assets:
Liabilities:
Cash
$60
Accounts payable
$240
Accounts receivable (net)
170
Other liabilities
80
Investments
50
Total current liabilities
320
Inventory
200
Long-term liabilities
110
Prepaid rent
25
Total liabilities
430
Total current assets
505
Stockholders' equity:
Property & Equipment, (net)
255
Common stock
150
Retained earnings
180
Total stockholders' equity
330
Total assets
$760
Total liabilities and equity
$760
The debt to equity ratio is (rounded to two decimal places)?
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
