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Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below. Current liabilities $ 180 Income before interest and taxes $ 125 10%
Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below. Current liabilities $ 180 Income before interest and taxes $ 125 10% Bonds, longterm 360 Interest expense 36 Total liabilities 540 Income before tax 89 Shareholders' equity Income tax 27 Capital stock 200 Net income $ 62 Retained earnings 280 Total shareholders' equity 480 Total liabilities and equity $1,020 HHF's long-term debt to equity ratio equity is:
A. 133.3%.
B. 75%.
C. 180%.
D. 0%.
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