Consider this simplified balance sheet for Geomorph Trading. What is the company's debt- equity ratio? Current assets $130 Current liabilities $75 Long-term assets $530 Long-term debt 265 Other liabilities Equity $660 100 220 $660

Consider this simplified balance sheet for Geomorph Trading. What is the company's debt- equity ratio? Current assets $130 Current liabilities $75 Long-term assets $530 Long-term debt 265 Other liabilities Equity $660 100 220 $660

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 16P: Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for...

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Please provide correct answer this question general accounting

Consider this simplified balance sheet for
Geomorph Trading. What is the company's debt-
equity ratio?
Current assets
$130 Current liabilities $75
Long-term assets $530 Long-term debt 265
Other liabilities
Equity
$660
100
220
$660

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