Calculate the debt to equity ratio for Blue Line Studio Inc. Below is an excerpt from their
Question:
Calculate the debt to equity ratio for Blue Line Studio Inc. Below is an excerpt from their balance sheet line items:
• Current liabilities 342,000
• Long-term debt 688,000
• Total equity 750,000
a. 1.37
b. 0.92
c. 0.46
d. 2.00
Balance SheetBalance 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...
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Related Book For 
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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