Question 7 What is debt-equity ratio? (Use 2012 values). See Financial Statements below 2011 2012 Cash 17000 16500 56700 54100 Accounts Receivable Inventory Total 189400 186700 2011 2012 Accounts Payable 128600 134700 Notes Payable 0 0 Total 128600 134700 Long-Term Debt 147500 105500 Common Stock 125000 170000 Retained Earnings 120700 131800 Total Lab & Equity 521800 542000 260500 259900 Net Fixed Assets 261300 282100 Total Assets 521800 542000 2012 614100 521400 Net Sales Cost of Goods Sold Depreciation EBIT 11200 81500 Interest 10100 71400 Taxable income Taxes 28900 Net Income 42500 0.79 O 0.87 O 1.06 - 0.99 O 0.94 Question 7 What is debt-equity ratio? (Use 2012 values). See Financial Statements below 2011 2012 Cash 17000 16500 56700 54100 Accounts Receivable Inventory Total 189400 186700 2011 2012 Accounts Payable 128600 134700 Notes Payable 0 0 Total 128600 134700 Long-Term Debt 147500 105500 Common Stock 125000 170000 Retained Earnings 120700 131800 Total Lab & Equity 521800 542000 260500 259900 Net Fixed Assets 261300 282100 Total Assets 521800 542000 2012 614100 521400 Net Sales Cost of Goods Sold Depreciation EBIT 11200 81500 Interest 10100 71400 Taxable income Taxes 28900 Net Income 42500 0.79 O 0.87 O 1.06 - 0.99 O 0.94