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Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 23,670 26,153 Inventory 36,403 38,720 Total Current Assets
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 23,670 26,153 Inventory 36,403 38,720 Total Current Assets 186,067 169,548 Total Assets 418,334 443,628 Total Current Liabilities 26,167 21,446 Total Liabilities 308,281 204,243 Sales 411,414 Cost of Goods Sold 120,711 Operating Expenses 145,190 Calculate this year's debt-to-equity ratio. (enter 2 decimal places. e.g. enter .2968 as .30)
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