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Deacon Corporation has provided the following financial data from its balance sheet and income statement: Year 2 Year 1 Total assets $ 1,362,700 $ 1,386,600
Deacon Corporation has provided the following financial data from its balance sheet and income statement:
| Year 2 | Year 1 | |||||
| Total assets | $ | 1,362,700 | $ | 1,386,600 | ||
| Total liabilities | $ | 628,000 | $ | 462,600 | ||
| Total stockholders' equity | $ | 734,700 | $ | 924,000 | ||
| Net operating income (income before interest and taxes) | $ | 70,388 | ||||
| Interest expense | $ | 38,000 | ||||
The companys debt-to-equity ratio at the end of Year 2 is closest to:
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Aat Management Accounting Budgeting
Authors: BPP Learning Media
1st Edition
1509718400, 978-1509718405
