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Data from the financial statements of Albi Foods and Unimart, Inc., two national grocery chains are presented below: Albi Foods Unimart, Inc. Total liabilities, 2021
Data from the financial statements of Albi Foods and Unimart, Inc., two national grocery chains are presented below:
Albi Foods | Unimart, Inc. |
Total liabilities, 2021 ......... | $43,610 | $23,817 | |||
Total liabilities, 2020 ......... | 48,239 | 21,935 | |||
Total assets, 2021 ............ | 64,743 | 29,652 | |||
Total assets, 2020 ............. | 67,582 | 32,589 | |||
Revenue, 2021 ................ | 200,693 | 81,494 | |||
Net income, 2021 ....... | 2,312 | 1,062 |
To the nearest hundredth, what is the 2021 debt-to-equity ratio for Albi Foods?
Select one:
A. 2.49
B. 2.06
C. 0.67
D. 2.27
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