Question
The following is selected simplified information from Organic Catering's balance Sheet as at December 31, 2020 and December 31, 2021. (Round the final answer to
The following is selected simplified information from Organic Catering's balance Sheet as at December 31, 2020 and December 31, 2021.(Round the final answer to two decimal places.)
(Numbers in thousands)20212020
Cash$6,501$3,880
Accounts receivable4,3684,616
Notes receivable (current)220265
Inventories123137
Prepaid expenses and other (current) assets190695
Current liabilities11,06110,649
Total liabilities31,37631,980
Shareholders' equity45,96456,700
Calculate the debt to equity ratio.
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College Accounting Chapters 1-27
Authors: James A. Heintz, Robert W. Parry
23rd edition
1337794759, 978-1337794756
