Answered: Compute the debt to equity ratio.…

Business

Accounting

Compute the debt to equity ratio. (Round your answer to 2 decimal places.) Multiple Choice 2.15

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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Question

A partial balance sheet for Bayside Antiques, Inc. is shown below.
(dollars in thousands)
Cash
Accounts receivable (net)
Investments
Inventory
Prepaid rent
Total current assets
Property & Equipment, (net)
Total assets
Multiple Choice
2.15
Assets
O 1.23
0.55
O 0.91
$ 68
180
59
207
27
541
260
Compute the debt to equity ratio. (Round your answer to 2 decimal places.)
Liabilities and
Stockholders' Equity
Accounts payable
Other liabilities
Total current liabilities
Long-term liabilities
Total liabilities
Stockholders' equity:
Common stock
Retained earnings
Total stockholders' equity
$801 Total liabilities and equity
$247
81
328
114
442
153
206
359
$801

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