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Refer to the following selected financial information from Shakley's Incorporated. Compute the company's debt-to-equity ratio for Year 2. Year 2 Year 1 Net sales $
Refer to the following selected financial information from Shakley's Incorporated. Compute the company's debt-to-equity ratio for Year 2. |
Year 2 | Year 1 | |
Net sales | $ 482,000 | $ 426,950 |
Cost of goods sold | 277,000 | 250,820 |
Interest expense | 10,400 | 11,400 |
Net income before tax | 67,950 | 53,380 |
Net income after tax | 46,750 | 40,600 |
Total assets | 318,500 | 292,200 |
Total liabilities | 177,900 | 168,000 |
Total equity | 140,600 | 124,200 |
1.27.
2.27.
3.43.
0.79.
1.79.
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