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Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below. Current liabilities $ 181 Income before interest and taxes $ 123 10%
Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below. |
Current liabilities | $ 181 | Income before interest and taxes | $ 123 | |
10% Bonds, long-term | 340 | Interest expense | 34 | |
Total liabilities | 521 | Income before tax | 89 | |
Shareholders' equity | Income tax | 22 | ||
Capital stock | 201 | Net income | $ 67 | |
Retained earnings | 281 | |||
Total shareholders' equity | 482 | |||
Total liabilities and equity | $1,003 |
HHF's long-term debt to equity ratio equity is (Round your answers to one decimal place.): |
a) | 70.5%. |
b) | 141.8%. |
c) | 169.2%. |
d) | 0.0%. |
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