Question
Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: 2024 2023 Accounts receivable $42,000 $38,000 Inventory 31,000 41,000 Net sales
Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: 2024 2023 Accounts receivable $42,000 $38,000 Inventory 31,000 41,000 Net sales 192,000 198,000 Cost of goods sold 124,000 116,000 Total assets 427,000 407,000 Total stockholders' equity 244,000 226,000 Net income 38,500 34,000 What is the debt to equity ratio for 2024?
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Applications Of Accounting Information Systems
Authors: David M. Shapiro
1st Edition
194999158X, 9781949991581
