Calculating the Debt Ratio and the Debt-to-Equity Ratio Ernst Company's balance sheet shows total liabilities of $32,766,300, total stockholders' equity of $8,998,000, and total assets of $41,764,300. Required: 1. Calculate the debt ratio. Round the percentage to two decimal places. fill in the blank 1% 2. Calculate the debt-to-equity ratio. Round to two decimal places. fill in the blank 2
Calculating the Debt Ratio and the Debt-to-Equity Ratio Ernst Company's balance sheet shows total liabilities of $32,766,300, total stockholders' equity of $8,998,000, and total assets of $41,764,300. Required: 1. Calculate the debt ratio. Round the percentage to two decimal places. fill in the blank 1% 2. Calculate the debt-to-equity ratio. Round to two decimal places. fill in the blank 2
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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Calculating the Debt Ratio and the Debt-to-Equity Ratio
Ernst Company's balance sheet shows total liabilities of $32,766,300, total
Required:
1. Calculate the debt ratio. Round the percentage to two decimal places.
fill in the blank 1%
2. Calculate the debt-to-equity ratio. Round to two decimal places.
fill in the blank 2
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