Valiant Corporation has $1,800,000 in total liabilities, $800,000 of which are current. Valiant has $400,000 of cash

Question:

Valiant Corporation has $1,800,000 in total liabilities, $800,000 of which are current. Valiant has $400,000 of cash and cash equivalents, $300,000 of other current assets, and $2,000,000 in property, plant, and equipment.

Required:

Calculate Valiant's debt to equity ratio.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...