a. Calculate the debt to equity ratio for 2022 and 2023 for the following three separate companies.
Question:
a. Calculate the debt to equity ratio for 2022 and 2023 for the following three separate companies.
b. Comment on whether the ratio for each has improved or weakened from a risk perspective.
Transcribed Image Text:
Fab Form Industries 2023 2022 Total Debt (A) 2,306,225 2,522,364 Total Equity (B) 1,246,608 1,293,520 Recycle Resources 2023 2022 Outdoor Adventure Company 2023 2022 4,141,368 4,437,345 1,137,720 1,021,295 2,556,400 2,689,300 875,169 928,450
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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