Refer to the following selected financial information from Gomez Electronics. Compute the company's debt-to-equity ratio for Year 2. Year 1 $426,450 250, 320 Net sales Cost of goods sold Interest expense Net income before tax Net income after tax Total assets Total liabilities Total equity Year 2 $ 479,500 276,500 10,900 52,880 9,900 67,450 46,250 317,500 180,400 167,500 137,100 121,700 40, 100 289, 200

Refer to the following selected financial information from Gomez Electronics. Compute the company's debt-to-equity ratio for Year 2. Year 1 $426,450 250, 320 Net sales Cost of goods sold Interest expense Net income before tax Net income after tax Total assets Total liabilities Total equity Year 2 $ 479,500 276,500 10,900 52,880 9,900 67,450 46,250 317,500 180,400 167,500 137,100 121,700 40, 100 289, 200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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