Please correct answer and don't use hand rating CashA/RInventoryNet Fixed AssetsAssets2022$144.53$461.53$959.85$2,963.36Liabilities2022Accounts Payable$678.41Notes Payable$764.25Long-Term Debt$506.14Common Stock$630.6Retained Earnings$370.55QuestionsAssume Gentian Corp. has this balance sheet.What is the Debt to Equity (D/E) Ratio for 2022?

Computation of debt-to-equity ratio as follows:Resultant values:

Answered: Cash A/R Inventory Net Fixed Assets…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...

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