Calculate debt ratio and equity multiplier.

Total assets is $7,249

Liabilities & Shareholders' Equity
Notes payable	$180	$220	$162	$700
Accounts payable	148	157	150	306
Accruals	218	277	157	310
Current liabilities	$546	$654	$469	$1,316
Long-term loan	374	219	41	85
Common stock	50	50	50	50
Retained earnings	716	814	859	956
Total liabilities & shareholders' equity	$1,686	$1,737	$1,419	$2,407

Answer rating: 100% (QA)

To calculate the debt ratio and equity multiplier we need to use the given information on liabilitie... View the full answer