Summit Peak Ventures has total assets of $500,000,000 and a debt ratio of 0.45. Calculate the company's debt-to-equity ratio.

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...
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Summit Peak Ventures has total
assets of $500,000,000 and a debt
ratio of 0.45. Calculate the company's
debt-to-equity ratio.
Transcribed Image Text:Summit Peak Ventures has total assets of $500,000,000 and a debt ratio of 0.45. Calculate the company's debt-to-equity ratio.
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