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What is the Debt Equity Ratio for this Company? 1. 0.42 2. 0.65 3. 0.81 4. 0.93 Income Statement Particulars Amount Income 56,897,573 Revenue 56,875,221

What is the Debt Equity Ratio for this Company?

1. 0.42 2. 0.65 3. 0.81 4. 0.93

Income Statement
Particulars Amount
Income 56,897,573
Revenue 56,875,221
Interest Earned 22,352
Expenses
Cost of Sales: 32,775,264
Cost of Goods Sold 32,733,149
Utilities Expense 42,115
Gross Profit:
Operating Expenses: 13,345,676
Salaries Expense 3,255,449
Rent Expense 956,224
Depreciation Expense: Equipment 321,588
Depreciation Expense: Building 459,887
Bad Debt Expense 896,338
Insurance Expense 1,100,365
Interest Expense 1,555,300
Income Tax Expense 4,800,525
Operating Profit: 18,397,451
Profit: 10,776,633

Balance Sheet
Particulars Amount
Assets
Current Assets: 21,322,431
Cash 2,690,644
Accounts Receivable 5,890,887
Inventory 12,595,645
Prepaid Insurance 145,255
Non Current Assets: 29,715,924
Equipment 15,799,800
Accumulated Depreciation: Equipment -3,244,001
Building 18,560,325
Accumulated Depreciation: Building -5,655,225
Land 4,255,025
Total Assets: 51,038,355
Liabilities
Current Liabilities: 11,194,411
Unearned Revenue 668,236
Accounts Payable 5,663,200
Salaries Payable 145,250
Interest Payable 67,500
Income Taxes Payable 4,650,225
Non Current Liabilities: 15,500,000
Long Term Loan @ 5% p.a. 15,500,000
Total Liabilities: 26,694,411
Equity
Common Stock 280,000
Additional Paid In Capital 5,320,000
Retained Earnings 18,743,944
Total Equity: 24,343,944

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