Crane, Inc., has a debt ratio of 0.47. What are the company’s debt-to-equity ratio and equity multiplier? (Round your answers to 2 decimal places, e.g.12.25.) The company’s debt-to-equity ratio is enter The company’s debt-to-equity ratio rounded to 2 decimal places and the equity multiplier is enter the equity multiplier rounded to 2 decimal places .

Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter17: Financial Statement Analysis
Section: Chapter Questions
Problem 6CP: The average liabilities, average stockholders' equity, and average total assets are as follows: 1....
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Crane, Inc., has a debt ratio of 0.47. What are the company’s debt-to-equity ratio and equity multiplier? (Round your answers to 2 decimal places, e.g.12.25.)

The company’s debt-to-equity ratio is enter The company’s debt-to-equity ratio rounded to 2 decimal places and the equity multiplier is enter the equity multiplier rounded to 2 decimal places .
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Ratio is a tool which is used to measure the growth and profitability of the firm by establishing relation between different figures of financial statements. Debt ratio shows the overall portion of debt in the capital structure.

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