Minden Co. has sales of $500,000, operating profit of $50,000, interest expense of $10,000, tax expense of $20,000, total equity of $125,000, and total debt of $275,000. The company's debt to equity ratio is 65.00% 50.00% 220.00% none of the options 68.75%

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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vaibhav

Subject-Accounting

Minden Co. has sales of $500,000, operating profit of $50,000, interest expense of
$10,000, tax expense of $20,000, total equity of $125,000, and total debt of
$275,000. The company's debt to equity ratio is
65.00%
50.00%
220.00%
none of the options
68.75%
Transcribed Image Text:Minden Co. has sales of $500,000, operating profit of $50,000, interest expense of $10,000, tax expense of $20,000, total equity of $125,000, and total debt of $275,000. The company's debt to equity ratio is 65.00% 50.00% 220.00% none of the options 68.75%
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