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Pacific Enterprises' balance sheet showed the following amounts: -Current Liabilities = $18,000 -Bonds Payable = $7,000 -Lease Obligations = $4,000 -Notes Payable = $3,000 -Total Stockholders' Equity = $25,000 What is the debt-to-equity ratio for Pacific Enterprises?

Pacific Enterprises' balance sheet showed the following amounts: -Current Liabilities = $18,000 -Bonds Payable = $7,000 -Lease Obligations = $4,000 -Notes Payable = $3,000 -Total Stockholders' Equity = $25,000 What is the debt-to-equity ratio for Pacific Enterprises?

Managerial Accounting: The Cornerstone of Business Decision-Making
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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Please explain the solution to this financial accounting problem using the correct financial principles.

Pacific Enterprises' balance sheet showed the following amounts: -Current Liabilities = $18,000 -Bonds Payable = $7,000 -Lease Obligations = $4,000 -Notes Payable = $3,000 -Total Stockholders' Equity = $25,000 What is the debt-to-equity ratio for Pacific Enterprises?
Transcribed Image Text:Pacific Enterprises' balance sheet showed the following amounts: -Current Liabilities = $18,000 -Bonds Payable = $7,000 -Lease Obligations = $4,000 -Notes Payable = $3,000 -Total Stockholders' Equity = $25,000 What is the debt-to-equity ratio for Pacific Enterprises?
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