Red Corporation has $2,000,000 in total liabilities and 3,500,000 in total assets as of December 31, 2012. Of Red's Total liabilities, $350,000 is long- term. Calculate Red's debt to assets ratio and its long-term debt to equity ratio.

Red Corporation has $2,000,000 in total liabilities and 3,500,000 in total assets as of December 31, 2012. Of Red's Total liabilities, $350,000 is long- term. Calculate Red's debt to assets ratio and its long-term debt to equity ratio.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...

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Given answer accounting questions

Red Corporation has $2,000,000 in total liabilities
and 3,500,000 in total assets as of December 31,
2012. Of Red's Total liabilities, $350,000 is long-
term. Calculate Red's debt to assets ratio and its
long-term debt to equity ratio.

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