For Solar Industries and its related but separate financing company Solar Financing Corp. Required: a. Calculate the debt to equity ratio for 2022 and 2023. (Round the final answers to 2 decimal places.) Total Debt (A) Total Equity (B) Solar Industries (in millions) 2023 2022 42,850 20,502 36,700 23,955 Solar Financing Corp (in millions) 2022 2023 88,760 8,470 76,452 7,454

For Solar Industries and its related but separate financing company Solar Financing Corp. Required: a. Calculate the debt to equity ratio for 2022 and 2023. (Round the final answers to 2 decimal places.) Total Debt (A) Total Equity (B) Solar Industries (in millions) 2023 2022 42,850 20,502 36,700 23,955 Solar Financing Corp (in millions) 2022 2023 88,760 8,470 76,452 7,454

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 49E

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Question

Please help me with show all calculation thanku

For Solar Industries and its related but separate financing company Solar Financing Corp.
Required:
a. Calculate the debt to equity ratio for 2022 and 2023. (Round the final answers to 2 decimal places.)
Total Debt (A)
Total Equity (B)
Solar Industries (in millions)
2023
2022
42,850
20,502
36,700
23,955
Solar Financing Corp (in millions)
2022
2023
88,760
8,470
b. This part of the question is not part of your Connect assignment.
76,452
7,454

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