Excerpts from Andre Company's December 31, 2024 and 2023, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold 2024 2023 $ 44,000 $44,000 34,000 45,000 195,000 196,000 Current liabilities Interest-bearing debt Total stockholders' equity Net income What is the debt to equity ratio for 2024? Note: Round your answer to one decimal place. 117,000 116,000 86,000 68,000 103,000 114,000 246,000 234,000 38,000 33,000 Multiple Choice 41.9% 41.7%

Excerpts from Andre Company's December 31, 2024 and 2023, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold 2024 2023 $ 44,000 $44,000 34,000 45,000 195,000 196,000 Current liabilities Interest-bearing debt Total stockholders' equity Net income What is the debt to equity ratio for 2024? Note: Round your answer to one decimal place. 117,000 116,000 86,000 68,000 103,000 114,000 246,000 234,000 38,000 33,000 Multiple Choice 41.9% 41.7%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Excerpts from Andre Company's December 31, 2024 and 2023, financial statements are presented below:
Accounts receivable
Inventory
Net sales
Cost of goods sold
Current liabilities
Interest-bearing debt
Total stockholders' equity
Net income
What is the debt to equity ratio for 2024?
Note: Round your answer to one decimal place.
Multiple Choice
41.9%
41.7%
2024
2023
$ 44,000 $44,000
34,000 45,000
195,000 196,000
117,000 116,000
86,000 68,000
103,000 114,000
246,000 234,000
38,000 33,000

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