Sunland Company has total assets of $4,300,000,000 and a debt ratio of 37.0 percent. Calculate the company’s debt-to-equity ratio and equity multiplier

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 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...
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Sunland Company has total assets of $4,300,000,000 and a debt ratio of 37.0 percent. Calculate the company’s debt-to-equity ratio and equity multiplier. (Round answers to 2 decimal places, e.g. 12.55.)

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