Ellington Enterprises has the following financial data: Current assets = $120,000 Noncurrent assets = $230,000 Current liabilities = $90,000 Long-term liabilities = $60,000 What is the debt-to-equity ratio?
Ellington Enterprises has the following financial data: Current assets = $120,000 Noncurrent assets = $230,000 Current liabilities = $90,000 Long-term liabilities = $60,000 What is the debt-to-equity ratio?
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
Problem 8P
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Transcribed Image Text:Ellington Enterprises has the following financial data:
Current assets = $120,000
Noncurrent assets = $230,000
Current liabilities = $90,000
Long-term liabilities = $60,000
What is the debt-to-equity ratio?
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