Stone Ridge Enterprises has the following simplified balance sheet: Assets Amount ($) Liabilities & Equity Amount ($) Current Assets 210 Current Liabilities 50 Long-term Assets 620 Long-term Debt 275 Other Liabilities 65 Equity 440 Total Assets 830 Total Liabilities & Equity 830 Calculate the debt-to-equity ratio for Stone Ridge Enterprises. a. 0.75 b. 0.85 c. 0.90 d. 1.00

Stone Ridge Enterprises has the following simplified balance sheet: Assets Amount ($) Liabilities & Equity Amount ($) Current Assets 210 Current Liabilities 50 Long-term Assets 620 Long-term Debt 275 Other Liabilities 65 Equity 440 Total Assets 830 Total Liabilities & Equity 830 Calculate the debt-to-equity ratio for Stone Ridge Enterprises. a. 0.75 b. 0.85 c. 0.90 d. 1.00

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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