Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose that a company has a current ratio of 2, a total assets of 10.000 $, and fixed assets of 4.000 $. Moreover, short-term liabilities

Suppose that a company has a current ratio of 2, a total assets of 10.000 $, and fixed assets of 4.000 $. Moreover, short-term liabilities (debt) is half of the long-term liabilities. What is the debt-to-equity ratio?

  1. 9
  2. 8
  3. 7
  4. 6

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Economics In A Global Economy

Authors: Dominick Salvatore

9th Edition

0190848251, 9780190848255

More Books

Students also viewed these Accounting questions

Question

Under what circumstances is polygraph testing of employees legal?

Answered: 1 week ago