The following information was available for the year ended December 31, 2022: Required: a. Calculate the debt
Question:
The following information was available for the year ended December 31, 2022:
Required:
a. Calculate the debt ratio at December 31, 2022.
b. Calculate the debt/equity ratio at December 31, 2022.
Transcribed Image Text:
Total assets at year-end. .. Total liabilities at year-end. .. 600,000 360,000
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a b Debt ratio Total liabilities Total liabilities and stockholders equity 360000 600000 6...View the full answer
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