Debt-to-Equity Ratio Will Able Corporation's balance sheet showed the following amounts: Current Liabilities = = $10,000; Bonds Payable = $3,000; Lease $4,000; and Notes Payable = $600. Total Obligations stockholder's equity was $12,000. The debt-to-equity ratio is: a. 0.63. b. 0.83. C. 1.42. d. 1.47.

Debt-to-Equity Ratio Will Able Corporation's balance sheet showed the following amounts: Current Liabilities = = $10,000; Bonds Payable = $3,000; Lease $4,000; and Notes Payable = $600. Total Obligations stockholder's equity was $12,000. The debt-to-equity ratio is: a. 0.63. b. 0.83. C. 1.42. d. 1.47.

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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see attached file
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