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A company has total liabilities of $300,000 and total equity of $450,000. What is the debt-to-equity ratio? A) 0.67 B) 0.75 C) 1.0 D) 1.5

A company has total liabilities of $300,000 and total equity of $450,000. What is the debt-to-equity ratio? A) 0.67 B) 0.75 C) 1.0 D) 1.5

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company has total liabilities of $300,000 and total equity of $450,000. What is the debt-to-equity ratio? A) 0.67 B) 0.75 C) 1.0 D) 1.5
Transcribed Image Text:A company has total liabilities of $300,000 and total equity of $450,000. What is the debt-to-equity ratio? A) 0.67 B) 0.75 C) 1.0 D) 1.5
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