Use the following information from Dragon Corporation. Assume all figures are fiscal year end. ($) Sales Revenue 1,000,000 Cost of Goods Sold 600,000 Net Income 200,000 Cash 100,000 Average Inventory 200,000 Total Current Assets 400,000 Total Assets 800,000 Total Current Liabilities 200,000 Total Liabilities Retained Earnings 500,000 250,000 What is the Debt to Equity Ratio for Dragon? A. 2:3 B. 8:5 C. 5:3 D. 1:1

Use the following information from Dragon Corporation. Assume all figures are fiscal year end. ($) Sales Revenue 1,000,000 Cost of Goods Sold 600,000 Net Income 200,000 Cash 100,000 Average Inventory 200,000 Total Current Assets 400,000 Total Assets 800,000 Total Current Liabilities 200,000 Total Liabilities Retained Earnings 500,000 250,000 What is the Debt to Equity Ratio for Dragon? A. 2:3 B. 8:5 C. 5:3 D. 1:1

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 6MCQ

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