Dragon Manufacturing provided the following financial information at the end of its fiscal year: Financial Data Amount ($) Sales Revenue 1,500,000 Cost of Goods Sold 900,000 Net Income 300,000 Cash 150,000 Average Inventory 250,000 Total Current Assets 500,000 Total Assets 1,200,000 Total Current Liabilities 300,000 Total Liabilities Retained Earnings 700,000 350,000 What is the Debt to Equity Ratio for Dragon Manufacturing?

Dragon Manufacturing provided the following financial information at the end of its fiscal year: Financial Data Amount ($) Sales Revenue 1,500,000 Cost of Goods Sold 900,000 Net Income 300,000 Cash 150,000 Average Inventory 250,000 Total Current Assets 500,000 Total Assets 1,200,000 Total Current Liabilities 300,000 Total Liabilities Retained Earnings 700,000 350,000 What is the Debt to Equity Ratio for Dragon Manufacturing?

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 56P: The following selected information is taken from the financial statements of Arnn Company for its...

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