of the current year, the following information is available for both Pulaski Company and Scott Company. Pulaski Company Scott Company Total assets $2,320,500 $1,189,500 Total liabilities 838,500 532,500 Total equity 1,482,000 657,000 Compute the debt-to-equity ratios for b

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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At the end of the current year, the following information is available for both Pulaski Company and Scott Company.

 

Pulaski Company Scott Company

Total assets $2,320,500 $1,189,500

Total liabilities 838,500 532,500

Total equity 1,482,000 657,000

Compute the debt-to-equity ratios for both companies.

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