Question: For questions that require numerical solutions please submit your answer to four decimal points. Friendly suggestion, I usually compute the solutions using excel so wait

For questions that require numerical solutions please submit your answer to four decimal points. Friendly suggestion, I usually compute the solutions using excel so wait until the final step to round any numerical solutions.

Questions 18 and 19 are based on the following:

2019 2018

Current Liabilities 65,000 60,000

Noncurrent Liabilities 140,000 120,000

Total Liabilities 205,000 180,000

Stockholders' Equity

Common Stock 20,000 20,000

Additional Paid-In Capital 60,000 60,000

Retained Earnings 225,000 200,000

Total Stockholders' Equity 305,000 280,000

Total liabilities and Stockholders' Equity 510,000 460,000

Question 18: What is the debt ratio for 2018?

Question 19: What is the debt equity ratio for 2019?

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