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The following information is available for both Pulaski Company and Scott Company at the current year-end. Pulaski Company $ 2,271,000 Total assets Total liabilities Total
The following information is available for both Pulaski Company and Scott Company at the current year-end. Pulaski Company $ 2,271,000 Total assets Total liabilities Total equity 888,000 1,383,000 Scott Company $ 1,140,000 582,000 558,000 Required: 1. Compute the debt-to-equity ratio for both companies. 2. Which company has the riskier financing structure?
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