Julie, Inc., has a total debt ratio of 0.20. In addition, the company had additions to retained earnings for the year just ended of $400,000, the firm paid out $250,000 in cash dividends, and it has an ending total equity of $4 million. What is its debt-equity ratio?

Julie, Inc., has a total debt ratio of 0.20. In addition, the company had additions to retained earnings for the year just ended of $400,000, the firm paid out $250,000 in cash dividends, and it has an ending total equity of $4 million. What is its debt-equity ratio?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...

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Hii expert please given correct answer this general accounting question

Julie, Inc., has a total debt ratio of 0.20. In addition,
the company had additions to retained earnings for
the year just ended of $400,000, the firm paid out
$250,000 in cash dividends, and it has an ending
total equity of $4 million.
What is its debt-equity ratio?

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