Question
XYZ company presented the following financial information for December 31, 2018 and 2017. 2018 2017 Accounts receivable $40,000 $36,000 Inventory 28,000 35,000 Net sales 190,000
XYZ company presented the following financial information for December 31, 2018 and 2017.
2018 2017
Accounts receivable $40,000 $36,000
Inventory 28,000 35,000
Net sales 190,000 186,000
Cost of goods sold 114,000 108,000
Total assets 425,000 405,000
Total stockholders' equity
240,000 225,000
Net income
32,500 28,000
What is 2018 debt to equity ratio is (rounded to one decimal place)?
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Principles Of Financial Accounting
Authors: Kermit Larson, John Wild
20th Edition
77338235, 978-0077619442
