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Sukumo Corporation's balance sheet showed the following amounts: • Current Liabilities = $12,500 Bonds Payable = $4,500 Lease Obligations = $3,800 . Notes Payable = $900 Total Stockholders' Equity = $14,000 What is Sukumo Corporation's debt-to-equity ratio?

Sukumo Corporation's balance sheet showed the following amounts: • Current Liabilities = $12,500 Bonds Payable = $4,500 Lease Obligations = $3,800 . Notes Payable = $900 Total Stockholders' Equity = $14,000 What is Sukumo Corporation's debt-to-equity ratio?

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 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...
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Sukumo Corporation's balance sheet showed the following amounts: • Current Liabilities = $12,500 Bonds Payable = $4,500 Lease Obligations = $3,800 . Notes Payable = $900 Total Stockholders' Equity = $14,000 What is Sukumo Corporation's debt-to-equity ratio?
Transcribed Image Text:Sukumo Corporation's balance sheet showed the following amounts: • Current Liabilities = $12,500 Bonds Payable = $4,500 Lease Obligations = $3,800 . Notes Payable = $900 Total Stockholders' Equity = $14,000 What is Sukumo Corporation's debt-to-equity ratio?
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