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Recent financial statement data for Harmony Health Foods (HHF) Incorporated is shown below. Current liabilities $180 Income before interest and taxes $ 125 10%
Recent financial statement data for Harmony Health Foods (HHF) Incorporated is shown below. Current liabilities $180 Income before interest and taxes $ 125 10% Bonds, long-term 360 Interest expense 36 Total liabilities 540 Income before tax 89 Shareholders' equity Income tax 27 Common 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: 75%. 133.3%. 180%. 0%.
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