Green Valley Inc. reports total liabilities of $4,800,000 and total assets of $7,200,000 as of December 31, 2024. Calculate Green Valley's debt-to-equity ratio.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...
icon
Related questions
Question

What is the debt to equity ratio.?? General Accounting

Green Valley Inc. reports total liabilities of
$4,800,000 and total assets of $7,200,000 as of
December 31, 2024. Calculate Green Valley's
debt-to-equity ratio.
Transcribed Image Text:Green Valley Inc. reports total liabilities of $4,800,000 and total assets of $7,200,000 as of December 31, 2024. Calculate Green Valley's debt-to-equity ratio.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning