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The following balance sheet information is provided for Santana Company for Year 2: Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net
The following balance sheet information is provided for Santana Company for Year 2: Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation Land Total assets Liabilities and Stockholders' Equity Accounts payable $ 8,000 14,150 16,000 2,800 20,700 14,600 $ 76,250 $ 3,510 Salaries payable Bonds payable (due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders' equity What is the company's debt to equity ratio? 7,030 18,000 10,500 37,210 $ 76,250
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