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How do I compute this question. I understand that its total liabilities divided by shareholders equity. I just dont understand how I get it from
How do I compute this question. I understand that its total liabilities divided by shareholders equity. I just dont understand how I get it from these numbers.
Joseph and John, Inc., had the following balance sheet results for 2006: (in millions)
Current liabilities $12.6
Bonds payable 18.6
Lease obligations 2.7
Minority interest 1.4
Common stock 8.6
Retained earnings 22.9
Compute the debt-equity ratio.
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