Based on this information, the company's debt to equity ratio is: **(Round your answer to two decimal places.)****Multiple Choice**- ○ 0.89 to 1 - ○ 0.97 to 1 - ○ 0.67 to 1 - ○ 0.55 to 1---**Navigation:**- **Prev** 11 of 12 **Score answer** The following information was drawn from the accounting records of Woo Company:- Current assets: $73,000- Long-term assets (Plant assets): $730,000- Current liabilities: $59,000- Long-term liabilities: $480,000- Stockholders' Equity: $605,000- Earnings before interest and taxes: $79,000- Interest expense: $34,000Based on this information, the company's debt to equity ratio is: (Round your answer to two decimal places.)Multiple Choice:- 0.89 to 1- 0.97 to 1- 0.67 to 1Page navigation: Previous | 11 of 12 | Next(Note: The details on the bottom part of the screen and keyboard are non-essential for the educational content.)

Total liabilities = Current liabilities + Long term liabilities = $59000 + 480000 = $539000

The following information was drawn from the accounting records of Woo Company. Current assets $ 73,000 Long-term assets (Plant assets) 730,000 Current liabilities 59,000 Long-term liabilities Stockholders' Equity 480,000 605,000 Earnings before interest and taxes 79,000 Interest expense 34,000 Based on this information, the company's debt to equity ratio is: (Round your answer to two decimal places.) Multiple Choice 0.89 to 1 0.97 to 1 0.67 to 1

The following information was drawn from the accounting records of Woo Company. Current assets $ 73,000 Long-term assets (Plant assets) 730,000 Current liabilities 59,000 Long-term liabilities Stockholders' Equity 480,000 605,000 Earnings before interest and taxes 79,000 Interest expense 34,000 Based on this information, the company's debt to equity ratio is: (Round your answer to two decimal places.) Multiple Choice 0.89 to 1 0.97 to 1 0.67 to 1

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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