Question
The data below are for Goshen Company. Total Assets $10,000 Income Before Interest And Taxes 1,000 Total Equity 4,500 Interest Expense 400 Sales 15,000 Total
The data below are for Goshen Company.
Total Assets | $10,000 |
Income Before Interest And Taxes | 1,000 |
Total Equity | 4,500 |
Interest Expense | 400 |
Sales | 15,000 |
Total Liabilities | 5,500 |
Cost of Goods Sold | 9,000 |
Cash | 1,200 |
Accounts Receivable | 1,500 |
Goshen needs a financial ratio that indicates whether its level of leverage is appropriate. What is Goshen Company's DEBT-TO-EQUITY RATIO?
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
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