Question: Can you help me solve this general accounting question using the correct accounting procedures? Summit Technologies reports the following on its most recent balance sheet:

Can you help me solve this general accounting question using the correct accounting procedures?

Summit Technologies reports the following on its most recent balance sheet: . Total Assets: $35,000,000 - Total Liabilities: $21,000,000 - Total Equity: $14,000,000 What is the debt-to-equity ratio for the period? a) 1.50 b) 0.67 c) 1.25 d) 0.85 e) 2.00

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