The following is selected financial information from Recipe Unlimited Corporations Balance Sheet as at December 31, 2020
Question:
The following is selected financial information from Recipe Unlimited Corporation’s Balance Sheet as at December 31, 2020 and 2019. Calculate the debt to equity ratio for 2020 and 2019 (round to two decimal places). Comment on the change.
Transcribed Image Text:
(Numbers in thousands) Current liabilities Non-current liabilities Shareholders' equity 2020 2019 427,927 430,758 1,397,608 1,488,322 283,536 344,986
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
Numbers in thousands Debt to equity ratio 2020 427927 1397608 283536 18255...View the full answer
Answered By
Lilian Nyambura
Hi, am Lilian Nyambura, With extensive experience in the writing industry, I am the best fit for your writing projects. I am currently pursuing a B.A. in Business Administration. With over 5 years of experience, I can comfortably say I am good in article writing, editing and proofreading, academic writing, resumes and cover letters. I have good command over English grammar, English Basic Skills, English Spelling, English Vocabulary, U.S. English Sentence Structure, U.K. or U.S. English Punctuation and other grammar related topics. Let me help you with all your essays, assignments, projects, dissertations, online exams and other related tasks. Quality is my goal.
4.80+
378+ Reviews
750+ Question Solved
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781260881325
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
Question Posted:
Students also viewed these Business questions
-
The following is selected financial information from WestJets Balance Sheet as at December, 31, 2014 and 2013. Calculate the debt to equity ratio for 2014 and 2013 (round to two decimal places)....
-
The following is selected financial information for Lee Incorporated: Required a. Calculate the return on equity for Lee Incorporated for 2012 and 2011. Round percentages to one decimal point (i.e.,...
-
The following is selected financial information from WestJet?s Balance Sheet as at December 31, 2017 and 2016. Calculate the debt to equity ratio for 2017 and 2016 (round to two decimal places)....
-
CASE STUDY. Case Study Chapters 1 and 2. Please post both case studies in Assignment Drop Box as one MS Word apa formate document. Note: See template provided for case study papers. Chapter 1 - Listo...
-
Utica Companys net accounts receivable was $250,000 at December 31, 2013, and $300,000 at December 31, 2014. Net cash sales for 2014 were $100,000. The accounts receivable turnover for 2014 was 5.0,...
-
Find the amount of each ordinary annuity. (Interest is compounded annually.) R = $1500, i = 0.04, n = 12
-
Recall, venue is the geographic district where a case can properly be heard. Find the venue for the California state court where your paralegal school or residence is located.
-
What are a firm's considerations in having review partners? Does it really matter from a professional judgment perspective whether review partners rotate off after a prescribed number of years? Use...
-
The annual risk-free rates are with continuous compounding. Use DERIVAGEM. Consider Call A, with K = $70; r = 0.06; T - t = 90 days; = 0.4; and S = $60 and Put A, on the same 0 stock, with: K = $70;...
-
Assistant police chief Todd Beck wants to analyze the citys historic crime data in order to better allocate police resources in the future. He collects data over the past two years. Each record in...
-
A partial alphabetized list of adjusted account balances is shown for Dover Pacific Tours as at November 30, 2023 (all accounts have normal balances). Pat Dover, the owner, uses the following account...
-
Smart Resource Companys unadjusted trial balance on December 31, 2023, the end of its annual accounting period, is as follows: Information necessary to prepare adjusting entries is as follows: a....
-
Furfuryl chloride can undergo substitution by both SN2 and SN1 mechanisms. Since it is a 1° alkyl halide, we expect SN2 but not SN1 reactions. Draw a mechanism for the SN1 reaction shown below,...
-
How do gangs in suburban areas differ from innercity gangs?
-
The costs of juvenile delinquency are wide ranging and substantial. Do you think these costs justify spending money on delinquency prevention programs?
-
Should delinquency proceedings be secret? Does the public have the right to know who juvenile criminals are?
-
Can you think of rituals in society that reflect an affinity or longing for more tribal times? (Hint: Have you ever pledged a fraternity or sorority, gone to a wedding, or attended a football game?)...
-
Do you consider alcohol a drug? Should greater controls be placed on the sale of alcohol?
-
a. What are the benefits to a country from importing food? b. What costs might arise from relying on imported food? Over the past year the price of corn has risen 52 percent, wheat 49 percent, and...
-
One hundred pounds of water at atmospheric pressure are heated from 60F to 200F. What is the enthalpy change? The internal energy change? Why is the difference between the internal energy change and...
-
Interior Design Company specializes in home staging consulting services and sells furniture built by European craftsmen. The following six-column table contains the companys unadjusted trial balance...
-
The chapters opening vignette describes Zane Caplanskys success with his food truck, Thundering Thelma. Explain why accounting is critical for Caplanskys business and for his expansion strategy.
-
Your friends are studying marketing and human re- sources and another is undecided on his major. They say, This accounting course is a waste of my time when I dont even want to be an accountant!...
-
What are the key challenges that visionary leaders encounter when implementing strategic change initiatives, and how can they effectively manage resistance and drive successful transformation ?
-
You are given a 96-well plate with a seeding density of0.01x106. What respective volume of cells and complete medium wouldyou need to fill all 96 wells, if concentration of your cells inthe cell...
-
Water at 20C is to be pumped from a reservoir (ZA = 5 m) to another reservoir at a higher elevation (ZB = 13 m) through two 36-m- long pipes connected in parallel as shown. The pipes are made of...
Study smarter with the SolutionInn App