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