East Star Corporation's balance sheet showed the following amounts: Current Liabilities = $15,000 Long-term Bonds = $8,000 Capital Lease Obligations=$5,000 Bank Notes Payable = $2,000 Total stockholders' equity was $20,000 Calculate the debt-to-equity ratio: a. 0.75 b. 1.15 c. 1.50 d. 1.25

East Star Corporation's balance sheet showed the following amounts: Current Liabilities = $15,000 Long-term Bonds = $8,000 Capital Lease Obligations=$5,000 Bank Notes Payable = $2,000 Total stockholders' equity was $20,000 Calculate the debt-to-equity ratio: a. 0.75 b. 1.15 c. 1.50 d. 1.25

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 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...

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Quick answer of this accounting questions

East Star Corporation's balance sheet showed the following amounts:
Current Liabilities = $15,000 Long-term Bonds = $8,000 Capital Lease
Obligations=$5,000 Bank Notes Payable = $2,000 Total stockholders' equity
was $20,000
Calculate the debt-to-equity ratio:
a. 0.75
b. 1.15
c. 1.50
d. 1.25

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We are given the following information for the Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $ 2,880,000 188,000 890,000 811,000 1.35 times 2.30 times a. Accounts receivable b. Marketable securities c. Fixed assets d. Long-term debt 40 % 5 times Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Lienser Fraktala TAMARA TANT RISHI TRITATE FAST JET PARETSTRANS I nemal osted or annemangen MANENBER HAGPAINT MANSION LARPURCO Calculate the following balance sheet items. (Do not round intermediate calculations. Round your final answers to the nearest whole number.)