General accounting Blue Corporation had $2,000,000 in totalliabilities and $3,500,000 in total assets as ofDecember 31, 2009.Required:Calculate Blue's debt to equity ratio.

Step 1: Define Debt To Equity RatioThe debt to equity ratio uses the value of total liabilities and…

Answered: Blue Corporation had $2,000,000 in…

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 49E

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Blue Corporation had $2,000,000 in total liabilities and $3,500,000 in total assets as of December 31, 2009. Required: Calculate Blue's debt to equity ratio.