Financial Accounting Kramer Company has total assets of $180,000 and totalliabilities of $60,000. The company's debt-to-equity ratio isclosest to:A. 0.25B. 0.33C. 0.50D. 0.67

Step 1: Define Debt-to-Equity RatioThe debt-to-equity ratio is the amount of the equity and debt…

Answered: Kramer 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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Kramer Company has total assets of $180,000 and total liabilities of $60,000. The company's debt-to-equity ratio is closest to: A. 0.25 B. 0.33 C. 0.50 D. 0.67