Richards Corporation has the following amounts as of December 31, 2016. Total assets ....... $31,500 Total liabilities

Question:

Richards has the following amounts as of December 31, 2016.
Total assets ....... $31,500
Total liabilities ....... 17,500
Total equity ....... 14,000
Compute the debt to equity ratio at December 31, 2016.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...