Summit Technologies reports the following on its most recent balance sheet: • Total Assets: $35,000,000 • Total Liabilities: $21,000,000 Total Equity: $14,000,000 What is the debt-to-equity ratio for the period? a) 1.50 b) 0.67 c) 1.25 d) 0.85 e) 2.00
Summit Technologies reports the following on its most recent balance sheet: • Total Assets: $35,000,000 • Total Liabilities: $21,000,000 Total Equity: $14,000,000 What is the debt-to-equity ratio for the period? a) 1.50 b) 0.67 c) 1.25 d) 0.85 e) 2.00
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 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...
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Transcribed Image Text:Summit Technologies reports the following on its
most recent balance sheet:
•
Total Assets: $35,000,000
•
Total Liabilities: $21,000,000
Total Equity: $14,000,000
What is the debt-to-equity ratio for the period?
a) 1.50
b) 0.67
c) 1.25
d) 0.85
e) 2.00
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