Cash A/R Inventory Net Fixed Assets Assets 2022 $144.53 $461.53 $959.85 $2,963.36 Liabilities 2022 Accounts Payable $678.41 Notes Payable $764.25 Long-Term Debt $506.14 Common Stock $630.6 Retained Earnings $370.55 Questions Assume Gentian Corp. has this balance sheet. What is the Debt to Equity (D/E) Ratio for 2022?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question
Please correct answer and don't use hand rating
Cash
A/R
Inventory
Net Fixed Assets
Assets
2022
$144.53
$461.53
$959.85
$2,963.36
Liabilities
2022
Accounts Payable
$678.41
Notes Payable
$764.25
Long-Term Debt
$506.14
Common Stock
$630.6
Retained Earnings
$370.55
Questions
Assume Gentian Corp. has this balance sheet.
What is the Debt to Equity (D/E) Ratio for 2022?
Transcribed Image Text:Cash A/R Inventory Net Fixed Assets Assets 2022 $144.53 $461.53 $959.85 $2,963.36 Liabilities 2022 Accounts Payable $678.41 Notes Payable $764.25 Long-Term Debt $506.14 Common Stock $630.6 Retained Earnings $370.55 Questions Assume Gentian Corp. has this balance sheet. What is the Debt to Equity (D/E) Ratio for 2022?
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education