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A company has total liabilities of $677,000 and total equity of $532,000. What is the debt-to-equity ratio? 1. 1.27 2. 0.75 3. 1.08 4. 1.54

A company has total liabilities of $677,000 and total equity of $532,000. What is the debt-to-equity ratio? 1. 1.27 2. 0.75 3. 1.08 4. 1.54

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
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A company has total liabilities of $677,000 and total equity of $532,000. What is the debt-to-equity ratio? 1. 1.27 2. 0.75 3. 1.08 4. 1.54
Transcribed Image Text:A company has total liabilities of $677,000 and total equity of $532,000. What is the debt-to-equity ratio? 1. 1.27 2. 0.75 3. 1.08 4. 1.54
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