XYZ Corp data: ⚫ Total assets: $800,000 . Total liabilities: $300,000 ⚫ Total stockholders' equity: $500,000 What is the debt-to-equity • ratio? a) 0.45 b) 0.60 c) 0.75 d) 0.55
XYZ Corp data: ⚫ Total assets: $800,000 . Total liabilities: $300,000 ⚫ Total stockholders' equity: $500,000 What is the debt-to-equity • ratio? a) 0.45 b) 0.60 c) 0.75 d) 0.55
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
I don't need ai answer general accounting question
Transcribed Image Text:XYZ Corp data:
⚫ Total assets: $800,000
. Total liabilities: $300,000
⚫ Total stockholders' equity: $500,000 What is the debt-to-equity
•
ratio?
a) 0.45
b) 0.60
c) 0.75
d) 0.55
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education