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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Transcribed Image Text: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?
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