Venus Corporation reported the following balances for the year 2015: land, $200,000; equipment, 65,000; cash, $40,000; prepaid expenses, $8,000; inventory, $15,000; and owners’ equity $115,000. Determine debt-equity ratio for the year.
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Venus Corporation reported the following balances for the year 2015: land, $200,000; equipment, 65,000; cash, $40,000; prepaid expenses, $8,000; inventory, $15,000; and owners’ equity $115,000. Determine debt-equity ratio for the year.
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