Sims Corporation's most recent balance sheet reports total assets of $32,300,000, total liabilities of $18,900,000, and total equity of $13,400,000. What is the Debt-to-Equity Ratio for the period?
Sims Corporation's most recent balance sheet reports total assets of $32,300,000, total liabilities of $18,900,000, and total equity of $13,400,000. What is the Debt-to-Equity Ratio for the period?
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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SUBJECT: FINANCIAL ACCOUNTING
Transcribed Image Text:Sims Corporation's most recent
balance sheet reports total assets of
$32,300,000, total liabilities of
$18,900,000, and total equity of
$13,400,000.
What is the Debt-to-Equity Ratio for
the period?
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