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Peartree Company provides the following data: Click here to view the balance sheet Click here to view the income statement What is Peartree's debt-to-equity ratio
Peartree Company provides the following data: Click here to view the balance sheet Click here to view the income statement What is Peartree's debt-to-equity ratio at year-end 2021? Round to two decimal places. O A. 0.67:1 OB. 0.60:1 OC. 1.33:1 OD. 0.92.1 ...4! 4 JOS Balance sheet > Balance Sheet December 31, 2021 Dec. 31, 2021 Dec. 31, 2020 Cash $21,000 $18,000 Accounts receivable, net 31,000 35,000 Inventory 53,000 25,000 Property, plant, and equipment, net 120,000 90,000 Total assets $225,000 $168,000 Accounts payable Accrued liabilities Long-term notes payable Total liabilities $4,000 2,000 84,000 $90,000 $6,000 1,000 90,000 $97,000 Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity $30,000 105,000 135,000 $225,000 $2,000 69,000 71,000 $168,000 Print Done X Income statement Peartree Company Income Statement For the Year Ended December 31, 2021 Sales revenue, net $240,000 Cost of goods sold 110,000 Gross margin $130,000 Operating expenses. Salary expense $45,000 Amortization expense 12,000 Other operating expenses 13,000 Total operating expenses 70,000 Operating income 60,000 Gain on sale of plant assets 5,000 Interest expense (4,000) Net income before income tax 61,000 Income tax expense (12,000) Net income (loss) $49,000 * Sales revenue is all on account Print Done
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