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following selected financial information from Gomez Electronics. Compute the company's debt-to-equity ratio for Year 2. Year 2 Year 1 Net sales $ 481,500 $ 426,850
following selected financial information from Gomez Electronics. Compute the company's debt-to-equity ratio for Year 2. Year 2 Year 1 Net sales $ 481,500 $ 426,850 Cost of goods sold 276,900 250,720 Interest expense 10,300 11,300 Net income before tax 67,850 53,280 Net income after tax 46,650 40,500 Total assets 318,300 291,600 Total liabilities 178,400 167,900 Total equity 139,900 123,700
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