For Phoenix Inc., the following financial data is available at fiscal year end: ($) Total Assets: 1,200,000 Total Liabilities: 800,000 Retained Earnings: 300,000 Common Stock: 100,000 What is Phoenix Inc.'s Debt to Equity Ratio? A. 2:1 B. 3:1 C. 4:1 D. 1:2

For Phoenix Inc., the following financial data is available at fiscal year end: ($) Total Assets: 1,200,000 Total Liabilities: 800,000 Retained Earnings: 300,000 Common Stock: 100,000 What is Phoenix Inc.'s Debt to Equity Ratio? A. 2:1 B. 3:1 C. 4:1 D. 1:2

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 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...

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Question

Kindly help me with accounting questions

For Phoenix Inc., the following financial data is available at fiscal year end: ($) Total
Assets: 1,200,000 Total Liabilities: 800,000 Retained Earnings: 300,000 Common Stock:
100,000
What is Phoenix Inc.'s Debt to Equity Ratio?
A. 2:1
B. 3:1
C. 4:1
D. 1:2

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