Pioneer Company's most recent balance sheet reports total assets of $35,750,000, total liabilities of $19,800,000, and total equity of $15,950,000. The debt to equity ratio for the period is: a) 0.65 b) 1.24 c) 0.85 d) 1.45 e) 2.24

Pioneer Company's most recent balance sheet reports total assets of $35,750,000, total liabilities of $19,800,000, and total equity of $15,950,000. The debt to equity ratio for the period is: a) 0.65 b) 1.24 c) 0.85 d) 1.45 e) 2.24

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 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...

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Don't use ai given answer accounting questions

Pioneer Company's most recent balance sheet reports total assets of
$35,750,000, total liabilities of $19,800,000, and total equity of $15,950,000.
The debt to equity ratio for the period is:
a) 0.65
b) 1.24
c) 0.85
d) 1.45
e) 2.24

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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