Calculate the company's debt to equity ratio on these general accounting question Pine Ridge Outdoors Inc. has total assets of$650,000,000 and a debt ratio of 0.35. Calculate thecompany's debt-to-equity ratio.

Step 1: Define Debt-to-Equity RatioThe debt-to-equity ratio measures a company's financial leverage…

Answered: Pine Ridge Outdoors Inc. has total…

Pine Ridge Outdoors Inc. has total assets of $650,000,000 and a debt ratio of 0.35. Calculate the company'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 49E

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Question

Calculate the company's debt to equity ratio on these general accounting question

Pine Ridge Outdoors Inc. has total assets of
$650,000,000 and a debt ratio of 0.35. Calculate the
company's debt-to-equity ratio.

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