Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below. HHF's debt-to-equity ratio is:
Question:
Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below.
HHF's debt-to-equity ratio is:
A. 0.75.
B. 1.13.
C. 0.53.
D. 1.80.
Transcribed Image Text:
$ 180 Income before interest and taxes 125 36 89 Current liabilities 1090 Bonds, long-term Total liabilities Shareholders' equity Capital stoclk Retained earnings Total shareholders' equity Total liabilities and equity 360 540 Interest expense Income before tax Income tax 200 Net income 280 480 S 62 $1,020
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Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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