Question
The following information was available for the year ended December 31, 2022: Total assets at year-end 260,000 Total liabilities at year-end 144,000 Required: Calculate the
The following information was available for the year ended December 31, 2022:
| Total assets at year-end | 260,000 |
|---|---|
| Total liabilities at year-end | 144,000 |
Required:
- Calculate the debt ratio at December 31, 2022.
Note: Round your percentage answer to 1 decimal place (i.e., 0.123 should be entered as 12.3).
- Calculate the debt/equity ratio at December 31, 2022.
Note: Enter your percentage answer as whole percentage (i.e., 0.12 should be entered as 12).
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
