Suppose that for 2015 Arius company's current assets totaled $60,000; total assets totaled 470,000; current liabilities totaled 72,000; and total liabilities totaled $430,000. Calculate the debt-to- equity ratio for Arius for 2015. Calculate the debt-to-equity ratio for Arius for 2015. (round your answer to three decimal places.)
Suppose that for 2015 Arius company's current assets totaled $60,000; total assets totaled 470,000; current liabilities totaled 72,000; and total liabilities totaled $430,000. Calculate the debt-to- equity ratio for Arius for 2015. Calculate the debt-to-equity ratio for Arius for 2015. (round your answer to three decimal places.)
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 23MCQ
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Calculate the debt-to-equity ratio for Arius for
![Suppose that for 2015 Arius company's current assets totaled
$60,000; total assets totaled 470,000; current liabilities totaled
72,000; and total liabilities totaled $430,000. Calculate the debt-to-
equity ratio for Arius for 2015.
Calculate the debt-to-equity ratio for Arius for 2015. (round your
answer to three decimal places.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faaaec280-4cb0-48da-b843-a0d1b76b0066%2Fde6dd72e-c85e-4bbb-b90d-7a8b55450e14%2Fnwiu2w7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose that for 2015 Arius company's current assets totaled
$60,000; total assets totaled 470,000; current liabilities totaled
72,000; and total liabilities totaled $430,000. Calculate the debt-to-
equity ratio for Arius for 2015.
Calculate the debt-to-equity ratio for Arius for 2015. (round your
answer to three decimal places.)
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