Using the following data: Current Liabilities Long term debt $24,480 $73,440 Common stock, par value $61,200 Paid-in Capital $15,300 Retained earnings $70,380 $244,800 Calculate the debt/equity ratio.

Using the following data: Current Liabilities Long term debt $24,480 $73,440 Common stock, par value $61,200 Paid-in Capital $15,300 Retained earnings $70,380 $244,800 Calculate the debt/equity ratio.

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 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...

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Question

Using the following data and give correct debt equity ratio on these general accounting question

Using the following data:
Current Liabilities
Long term debt
$24,480
$73,440
Common stock, par value $61,200
Paid-in Capital
$15,300
Retained earnings
$70,380
$244,800
Calculate the debt/equity ratio.

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