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Ridgeview Corporation's most recent balance sheet reports total assets of $45,500,000, total liabilities of $27,300,000, and total equity of $18,200,000. What is the debt to equity ratio for the period?

Ridgeview Corporation's most recent balance sheet reports total assets of $45,500,000, total liabilities of $27,300,000, and total equity of $18,200,000. What is the debt to equity ratio for the period?

Managerial Accounting: The Cornerstone of Business Decision-Making
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 49E
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Ridgeview Corporation's most recent balance sheet reports total assets of $45,500,000, total liabilities of $27,300,000, and total equity of $18,200,000. What is the debt to equity ratio for the period?
Transcribed Image Text:Ridgeview Corporation's most recent balance sheet reports total assets of $45,500,000, total liabilities of $27,300,000, and total equity of $18,200,000. What is the debt to equity ratio for the period?
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