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QS 4-16 Calculating debt to equity ratio LO7 The following is selected financial information from WestJet 's Balance Sheet as at December, 31, 2014 and

QS 4-16Calculating debt to equity ratio LO7

The following is selected financial information from WestJet's Balance Sheet as at December, 31, 2014 and 2013. Calculate the debt to equity ratio for 2014 and 2013 (round to two decimal places). Comment on the change.

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2014 2013 (Numbers in thousands) Current liabilities 1,338.301 1,406.460 Non-current liabilities 1,530,630 1,147,163 Shareholders' Equity 1,777.502 1,589.840

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