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The following is selected financial data for Dorian Co. What is Dorians total debt to equity ratio for 2019? Dec. 31, 2019 Dec. 31, 2018
The following is selected financial data for Dorian Co. What is Dorians total debt to equity ratio for 2019?
Dec. 31, 2019 | Dec. 31, 2018 | |
Current Assets | ||
Cash and cash equivalents | $ 576,843 | $ 305,088 |
Marketable securities | 166,106 | 187,064 |
Accounts receivable (net) | 258,387 | 289,100 |
Inventories | 424,493 | 391,135 |
Prepaid expenses | 55,369 | 25,509 |
Other current assets | 83,053 | 85,029 |
Total Current Assets | 1,564,251 | 1,282,925 |
Property, plant and equipment | 1,952,220 | 1,050,421 |
Total Assets | $3,516,471 | $2,333,346 |
Current Liabilities | ||
Short-term borrowings | $ 306,376 | $ 170,419 |
Current portion of long-term debt | 155,000 | 168,000 |
Accounts payable | 254,111 | 286,257 |
Accrued liabilities | 273,658 | 166,983 |
Income taxes payable | 97,735 | 178,911 |
Total Current Liabilities | 1,086,880 | 970,570 |
Long-term debt | 500,000 | 300,000 |
Deferred income taxes | 215,017 | 262,404 |
Total Liabilities | 1,801,897 | $1,532,974 |
Common stock | $ 425,250 | $ 125,000 |
Additional paid-in capital | 356,450 | 344,335 |
Retained earnings | 932,874 | 331,037 |
Total Stockholders' Equity | 1,714,574 | 800,372 |
Total Liabilities and Stockholders' Equity | $3,516,471 | $2,333,346 |
0.470 | ||
0.798 | ||
0.561 | ||
0.588 |
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