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Yateem Corp. is a manufacturing company that produces electronic devices. They purchase raw materials from suppliers and convert them into finished products. The company operates

Yateem Corp. is a manufacturing company that produces electronic devices. They purchase raw materials from suppliers and convert them into finished products. The company operates in multiple countries and has subsidiaries in different regions. ABC Corp. has just completed its fiscal year and is preparing its financial statements for external reporting.

Compute the Debt-to-Equity Ratio for ABC Corp. for the fiscal year ended December 31, 2023. Total liabilities amounted to $6,000,000, and shareholders' equity was $4,000,000. Use the formula: Debt-to-Equity Ratio = Total Liabilities / Shareholders' Equity.

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