Question
Question: A company has the following information from its balance sheet: Assets Amount (USD) Liabilities and Equity Amount (USD) Cash $160,000 Accounts Payable $40,000 Accounts
Question:
A company has the following information from its balance sheet:
Assets | Amount (USD) | Liabilities and Equity | Amount (USD) |
Cash | $160,000 | Accounts Payable | $40,000 |
Accounts Receivable | $100,000 | Notes Payable | $45,000 |
Inventory | $120,000 | Long-term Debt | $200,000 |
Property | $260,000 | Shareholders' Equity | $400,000 |
Calculate the debt-to-equity ratio for the company.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
