Lifemark Company has current liabilities of $50,000 and long-term liabilities of $75,000. It also has $50,000 in common stock and $25,000 in retained earnings. Calculate Lifemark's debt- to-equity ratio.

Lifemark Company has current liabilities of $50,000 and long-term liabilities of $75,000. It also has $50,000 in common stock and $25,000 in retained earnings. Calculate Lifemark's debt- to-equity ratio.

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 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...

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Accounting question please solve answer

Lifemark Company has current liabilities of
$50,000 and long-term liabilities of $75,000. It
also has $50,000 in common stock and $25,000
in retained earnings. Calculate Lifemark's debt-
to-equity ratio.

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