The following balance sheet for Gulf Company, at the year ended December 2020. Assets Cash Marketable...

 

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The following balance sheet for Gulf Company, at the year ended December 2020. Assets Cash Marketable Securities Receivables Inventories Plant assets (Net) Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Preferred stock Common stock Retained earnings Treasury stock Required: Calculate the following for Gulf Company: 1. Debt/equity ratio at the end of 2020. 2. Long-Term Debt to Long-Term Capital Ratio at the end of 2020. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph v Arial v 10pt $2,847,900 420,000 1,450,000 955,500 4,221,000 $1,298,800 4,654,400 984,000 2,140,000 882,000 (64,800) E A V The following balance sheet for Gulf Company, at the year ended December 2020. Assets Cash Marketable Securities Receivables Inventories Plant assets (Net) Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Preferred stock Common stock Retained earnings Treasury stock Required: Calculate the following for Gulf Company: 1. Debt/equity ratio at the end of 2020. 2. Long-Term Debt to Long-Term Capital Ratio at the end of 2020. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph v Arial v 10pt $2,847,900 420,000 1,450,000 955,500 4,221,000 $1,298,800 4,654,400 984,000 2,140,000 882,000 (64,800) E A V

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