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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
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
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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.
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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