Need help Kings Company has total assets of$240,000 and total liabilities of$80,000. The company's debt-to-equity ratio is closest to:

To calculate the debt-to-equity ratio, use the formula: Debt-to-Equity Ratio=Total Liabilities/Total…

Answered: Kings Company has total assets of…

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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Kings Company has total assets of $240,000 and total liabilities of $80,000. The company's debt-to- equity ratio is closest to: