Data from the financial statements of Albi Foods and Unimart, Inc., two national grocery chains are presented below: Albi Foods Unimart, Inc. Total liabilities, 2021 $43,610 $23,817 Total liabilities, 2020 48,239 21,935 Total assets, 2021 64,743 29,652 Total assets, 2020 67,582 32,589 Revenue, 2021 200,693 81,494 Net income, 2021 ... 2,312 1,062 To the nearest hundredth, what is the 2021 debt-to-equity ratio for Albi Foods?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Data from the financial statements of Albi Foods and Unimart, Ic., two national grocery chains are presented below:
Albi Foods
Unimart, Inc.
Total liabilities, 2021
$43,610
$23,817
Total liabilities, 2020 ..
48,239
21,935
Total assets, 2021
64,743
29,652
Total assets, 2020 ....
67,582
32,589
Revenue, 2021
200,693
81,494
Net income, 2021 ...
2,312
1,062
To the nearest hundredth, what is the 2021 debt-to-equity ratio for Albi Foods?
Select one:
А. 2.27
В. 2.49
С. 2.06
D. 0.67
Transcribed Image Text:Data from the financial statements of Albi Foods and Unimart, Ic., two national grocery chains are presented below: Albi Foods Unimart, Inc. Total liabilities, 2021 $43,610 $23,817 Total liabilities, 2020 .. 48,239 21,935 Total assets, 2021 64,743 29,652 Total assets, 2020 .... 67,582 32,589 Revenue, 2021 200,693 81,494 Net income, 2021 ... 2,312 1,062 To the nearest hundredth, what is the 2021 debt-to-equity ratio for Albi Foods? Select one: А. 2.27 В. 2.49 С. 2.06 D. 0.67
Data from the financial statements of Albi Foods and Unimart, Inc., two national grocery chains are presented below:
Albi Foods
Unimart, Inc.
Total liabilities, 2021
$43,610
$23,817
Total liabilities, 2020 ..
48,239
21,935
Total assets, 2021
64,743
29,652
Total assets, 2020
67,582
32,589
Revenue, 2021
200,693
81,494
Net income, 2021..
2,312
1,062
To the nearest hundredth of a percent, what is the 2021 return on equity ratio for Albi Foods?
Select one:
A. 10.94%
В. 11.42%
C. 11.95%
D. 5.30%
Transcribed Image Text:Data from the financial statements of Albi Foods and Unimart, Inc., two national grocery chains are presented below: Albi Foods Unimart, Inc. Total liabilities, 2021 $43,610 $23,817 Total liabilities, 2020 .. 48,239 21,935 Total assets, 2021 64,743 29,652 Total assets, 2020 67,582 32,589 Revenue, 2021 200,693 81,494 Net income, 2021.. 2,312 1,062 To the nearest hundredth of a percent, what is the 2021 return on equity ratio for Albi Foods? Select one: A. 10.94% В. 11.42% C. 11.95% D. 5.30%
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education