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A company's balance sheet reports stockholders' equity of $800,000, total liabilities of $1,200,000, and total assets of $2,000,000. What is the company's debt-to-equity ratio?

A company's balance sheet reports stockholders' equity of $800,000, total liabilities of $1,200,000, and total assets of $2,000,000. What is the company's debt-to-equity ratio?

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...
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What is the company's debt to equity ratio? Give me correct solution

A company's balance sheet reports stockholders' equity of $800,000, total liabilities of $1,200,000, and total assets of $2,000,000. What is the company's debt-to-equity ratio?
Transcribed Image Text:A company's balance sheet reports stockholders' equity of $800,000, total liabilities of $1,200,000, and total assets of $2,000,000. What is the company's debt-to-equity ratio?
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