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.

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 49E
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General accounting

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.
Transcribed Image Text: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.
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