Selected balance sheet data follow for Zeveea Company for the year ended December 31 (in millions).What is the company’s liabilities-to-equity ratio?Total operatingTotal nonoperatingTotal currentTotalTotal liabilities andliabilitiesliabilitiesliabilitiesliabilitiesshareholders’ equity$6,055$5,260$4,624$11,315$16,511Select one:a. 0.89b. None of these are correct.c. 0.28d. 2.18e. 0.69

Given that, Total Liabilities = $11315 Total Liabilities and Share holders equity = $16511

Answered: Selected balance sheet data follow for…

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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Selected balance sheet data follow for Zeveea Company for the year ended December 31 (in millions).
What is the company’s liabilities-to-equity ratio?

Total operating	Total nonoperating	Total current	Total	Total liabilities and
liabilities	liabilities	liabilities	liabilities	shareholders’ equity
$6,055	$5,260	$4,624	$11,315	$16,511

Select one:

a. 0.89

b. None of these are correct.

c. 0.28

d. 2.18

e. 0.69

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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