Based on information in the attachment Financial Statement Info. for Qs 1 to 5, what was Springfield Corporations Debt to Equity Ratio for the year reported?

240 Quiz 1 Attachment Form B.pdf

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• A. 0.494
• B. 4.033
• C. 0.976
• D. 2.453
• E. 0.516

In answering questions 1 through 5, please refer to the following financial information for Springfield Corporation (thousands of dollars) for the year 2020: Balance Sheet as of December 31, 2020 Cash Marketable Securities Accounts Receivable Inventory Net Fixed Assets Total Assets $ 520 $ 640 $ 760 $ 880 $4,550 $7,350 Accounts Payable Short-term Notes Payable Long-term Debt Paid-In Capital Retained Earnings Total Liabilities & Stockholders' Equity $ 750 $ 960 $1,920 $2,240 $1,480 $7,350 Selected figures from Income Statement for Year Ended December 31, 2020: Sales Earings Before Interest and Taxes Interest Net Income Dividends Paid $9,210 $4,200 $ 320 $2,800 $1,900