Everest Technologies has the following balance sheet data: Assets Amount ($) Cash $8,500 Marketable Securities $4,100 Accounts Receivable $6,800 Inventory $19,300 Property & Equipment $85,000 Accumulated Depreciation ($8,000) Total Assets Liabilities & Stockholders' Equity Amount $115,000 ($) Accounts Payable $4,500 Notes Payable (Current) $2,600 Mortgage Payable (Long-term) $3,700 Bonds Payable (Long-term) $34,000 Common Stock ($10 Par) $28,000 Paid-in Capital in Excess of Par $14,200 Retained Earnings $28,000 Total Liabilities & Equity $115,000 The Debt-to-Equity Ratio is:

Everest Technologies has the following balance sheet data: Assets Amount ($) Cash $8,500 Marketable Securities $4,100 Accounts Receivable $6,800 Inventory $19,300 Property & Equipment $85,000 Accumulated Depreciation ($8,000) Total Assets Liabilities & Stockholders' Equity Amount $115,000 ($) Accounts Payable $4,500 Notes Payable (Current) $2,600 Mortgage Payable (Long-term) $3,700 Bonds Payable (Long-term) $34,000 Common Stock ($10 Par) $28,000 Paid-in Capital in Excess of Par $14,200 Retained Earnings $28,000 Total Liabilities & Equity $115,000 The Debt-to-Equity Ratio is:

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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Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of 75,000,000, and total assets of 169,000,000. Required: Note: Round answers to two decimal places. 1. Calculate the debt ratio. 2. Calculate the debt-to-equity ratio.
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