Please give me answer account Blackstone Company has total assets of $550,000 and owners' equity of $220,000, ofwhich $65,000 of the equity is common stock. To which of the following is the company'sdebt-to-equity ratio closest?A. 0.60B. 1.50C. 5.08D. 0.67

Step 1: Define Debt-Equity RatioThe debt-equity ratio indicates the percentage of a company's total…

Answered: Blackstone Company has total assets of…

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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Blackstone Company has total assets of $550,000 and owners' equity of $220,000, of which $65,000 of the equity is common stock. To which of the following is the company's debt-to-equity ratio closest? A. 0.60 B. 1.50 C. 5.08 D. 0.67