Refer to the following selected financial information from Hansen's, LLC. Comput the company's debt-to-equity ratio for Year 2. Net sales Year 2 Year 1 $478,500 $426.250 Cost of goods sold 276.300 250.120 Interest expense 9,700 10.700 Net income before tax 67.250 52.680 Net income after tax 46,050 39.900 Total assets 317,100 288,000 Total liabilities 181,400 167,300 Total equity 135,700 120,700
Refer to the following selected financial information from Hansen's, LLC. Comput the company's debt-to-equity ratio for Year 2. Net sales Year 2 Year 1 $478,500 $426.250 Cost of goods sold 276.300 250.120 Interest expense 9,700 10.700 Net income before tax 67.250 52.680 Net income after tax 46,050 39.900 Total assets 317,100 288,000 Total liabilities 181,400 167,300 Total equity 135,700 120,700
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
![Refer to the following selected financial information from Hansen's, LLC. Comput
the company's debt-to-equity ratio for Year 2.
Net sales
Year 2
$478,500
Year 1
$426,250
Cost of goods sold
276,300
250.120
Interest expense
9,700
10,700
Net income before tax
67.250
52,680
Net income after tax
46,050
39,900
Total assets
317,100
288,000
Total liabilities
181,400
167,300
Total equity
135,700
120,700
О
1) 1.75.
2) 2.34.
3) 0.75.
4) 1.34.
5) 2.63.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8f7cfb82-92ef-446c-add9-6ee8184accbf%2F5613f109-e9e2-4ac7-a2a6-42b1f139a54e%2Ftd0zogq_processed.png&w=3840&q=75)
Transcribed Image Text:Refer to the following selected financial information from Hansen's, LLC. Comput
the company's debt-to-equity ratio for Year 2.
Net sales
Year 2
$478,500
Year 1
$426,250
Cost of goods sold
276,300
250.120
Interest expense
9,700
10,700
Net income before tax
67.250
52,680
Net income after tax
46,050
39,900
Total assets
317,100
288,000
Total liabilities
181,400
167,300
Total equity
135,700
120,700
О
1) 1.75.
2) 2.34.
3) 0.75.
4) 1.34.
5) 2.63.
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