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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A company's balance sheet showed the following amounts for liabilities and stockholders' equity accounts: Current Liabilities, $50,000; Bonds Payable, $600,000; Long-Term Lease Obligations, $120,000; and Deferred Income Tax Liability, $20,000. Total stockholders' equity was $520,000. What is the debt to equity ratio?
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A company’s balance sheet reveals it has total assets of $8,081,700, total liabilities of $2,966,700, and total equity of $5,115,000. The current debt-to-equity ratio for this company is: 0.37. 0.58. 0.63. 1.72. 2.72.

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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.