Current assets are $70,000, noncurrent asset are $150,000, current liabilities are $40,000 and long-term liabilities are $30,000. What is the debt to equity ratio?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
Problem 8P
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Current assets are $70,000, noncurrent asset are $150,000,
current liabilities are $40,000 and long-term liabilities are
$30,000.
What is the debt to equity ratio?
Transcribed Image Text:Current assets are $70,000, noncurrent asset are $150,000, current liabilities are $40,000 and long-term liabilities are $30,000. What is the debt to equity ratio?
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