Debt-to-Equity Ratio Will Able Corporations balance sheet showed the following amounts: Current Liabilities, $10,000; Bonds Payable, $3,000;

Question:

Debt-to-Equity Ratio Will Able Corporation’s showed the following amounts: Current Liabilities, $10,000; Bonds Payable, $3,000; Lease Obligations, $4,000; and Notes Payable, $600. Total stockholders’ equity was $12,000. The debt-to-equity ratio is:
a. 0.63.
b. 0.83.
c. 1.42.
d. 1.47.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...