Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider this simplified balance sheet for Geomorph Tradin $ 60 280 70 190 S 600 100 Current liabilities Current assets Long-term assets 500 Long-term debt

image text in transcribedimage text in transcribed

Consider this simplified balance sheet for Geomorph Tradin $ 60 280 70 190 S 600 100 Current liabilities Current assets Long-term assets 500 Long-term debt Other liabilities Equity $600 a. What is the company's debt-equity ratio? (Round your answer to 2 decimal places.) Answer is complete and correct Debt-equity ratio 2.16 b. What is the ratio of long-term debt to total long-term capital? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct Long-term debt-to-capital ratio 470.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions