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Consider the following information for James Inc. for the Year 2019: 2019 Assets Cash 38,100 Accounts Receivable 140,400 Inventory 185,400 Land 90,000 PP&E 225,000 Accumulated

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Consider the following information for James Inc. for the Year 2019: 2019 Assets Cash 38,100 Accounts Receivable 140,400 Inventory 185,400 Land 90,000 PP&E 225,000 Accumulated Depreciation (117,000) Total Assets 561,900 Liabilities Accounts Payable Accrued Expenses Notes Payable Total Liabilities 151,200 36,000 34,500 221,700 Stockholders' Equity Common Stock 18,000 Additional Paid-in Capital 115,200 Beginning Retained Earnings 145,800 Net Income 97,200 Dividends 36,000 Ending Retained Earnings 207,000 Total Stockholders' Equity 340,200 Total Liabilities and Equity 561,900 1. Calculate James' Debt-to-Equity Ratio B D E 1 N Debt-to-Equity 3 4 5 6 7 8 9 10 2. Calculate James' Debt Ratio A B D E 1 2 3 3 Debt Ratio = 4 * 5 6 7 8 9 10

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