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Trina Corp has total assets of $131,000. If total liabilities are $54,300, find the debt-to-equity ratio. (Round to the nearest hundredth)

Trina Corp has total assets of $131,000. If total liabilities are $54,300, find the debt-to-equity ratio. (Round to the nearest hundredth)

FINANCIAL ACCOUNTING
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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Trina Corp has total assets of $131,000. If total liabilities are $54,300, find the debt-to-equity ratio. (Round to the nearest hundredth)
Transcribed Image Text:Trina Corp has total assets of $131,000. If total liabilities are $54,300, find the debt-to-equity ratio. (Round to the nearest hundredth)
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