Nova Enterprises has total liabilities of $750,000 and total equity of $500,000. What is its debt-to-equity ratio? a. 1.5 b. 0.67 c. 1.25 d. 1.0
Nova Enterprises has total liabilities of $750,000 and total equity of $500,000. What is its debt-to-equity ratio? a. 1.5 b. 0.67 c. 1.25 d. 1.0
Chapter5: Evaluating Operating And Financial Performance
Section5.4: Leverage Ratios
Problem 1CC
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Transcribed Image Text:Nova Enterprises has total liabilities of
$750,000 and total equity of $500,000.
What is its debt-to-equity ratio?
a. 1.5
b. 0.67
c. 1.25
d. 1.0
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