Answered: A company's balance sheet reports…

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

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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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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