Question
YZCorpreportedthefollowingfinancialinformationfortheyearendedDecember31st, 2023: Totalassets:$800,000 Totalliabilities:$400,000 Totalequity:$400,000Calculate:a)Debt-to-equityratio.b)Equitymultiplier.c)Times interest earned ratio. d) Return on equity (ROE).
YZ Corp reported the following financial information for the year ended December 31st, 2023:
Total assets: $800,000
Total liabilities: $400,000
Total equity: $400,000 Calculate: a) Debt-to-equity ratio. b) Equity multiplier. c) Times interest earned ratio. d) Return on equity (ROE).
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Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
