Question: If given the following information: Current Assets: 2002 Current Liabilities: 1600 Cash; 1800 Sales:5501 Inventory: 460 Net Working Capital: 599 Total Assets: 3300 Average Daily

If given the following information: Current Assets: 2002 Current Liabilities: 1600 Cash; 1800 Sales:5501 Inventory: 460 Net Working Capital: 599 Total Assets: 3300 Average Daily Operating Costs: 321 Net Income: 461 Total Equity 1048 Total Debt: 4201 Cost of Goods Sold: 1551 Price per Share: 65.61 Earnings per Share: 4.27 Market Value: 1961 Book Value per Share:7.18 Find the Debt to Equity Ratio. Answer in the format: #0.00 Do not round intermediary calculations. Use full precision of your calculator or excel Round properly to two decimal places Example: 157835 would be 16 Example: 2.3491 would be entered 2.35 HINT. This is NOT a percentage. Do not convert it into one

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

If given the following information: Current Assets: 2002 Current Liabilities: 1600 Cash: 1800 Sales:5501 Inventory: 460 Net Working Capital: 599 Total Assets: 3300 Average Daily Operating Costs: 321...

Current Assets: 1633 Current Liabilities: 1838 Cash: 1403 Sales:4308 Inventory: 411 Net Working Capital: 835 Total Assets: 5528 Average Daily Operating Costs: 271 Net Income: 572 Total Equity: 1697...

1. If given the following information: Current Assets: 1521 Current Liabilities: 1559 Cash: 1290 Sales:5282 Inventory: 453 Depreciation: 339 Net Working Capital: 675 Total Assets: 4626 Average Daily...

If given the following information: Current Assets: 1871 Current Liabilities: 1994 Cash: 1401 Sales:4569 Inventory: 458 Depreciation: 317 Net Working Capital: 1111 Total Assets: 3007 Average Daily...

If given the following information: Current Assets: 1899 Current Liabilities: 1926 Cash: 1963 Sales:3923 Inventory: 357 Depreciation: 348 Net Working Capital: 449 Total Assets: 4577 Average Daily...

If given the following information: Current Assets: 1852 Current Liabilities: 2179 Cash: 1285 Sales:3223 Inventory: 534 Depreciation: 386 Net Working Capital: 770 Total Assets: 3068 Average Daily...

If given the following information: Current Assets: 1633 Current Liabilities: 1838 Cash: 1403 Sales:4308 Inventory: 411 Depreciation: 367 Net Working Capital: 835 Total Assets: 5528 Average Daily...

If given the following information: Current Assets: 2001 Current Liabilities: 1568 Cash: 1849 Sales:5778 Inventory: 428 Depreciation: 394 Net Working Capital: 603 Total Assets: 3370 Average Daily...

fgiven the following information: Current Assets: 1521 Current Liabilities: 1762 Cash: 1050 Sales:2729 Inventory: 559 Depreciation: 381 Net Working Capital: 764 Total Assets: 3894 Average Daily...

Suppose that there are 38 students in your class. Each day the teacher randomly selects one student to show the others how to do the previous nights homework. Each day, all students are eligible and...

In a study of the relationship between birthweight and race, birth records of babies born in Illinois were examined. The researchers found that the percentage of low birthweight babies among babies...

I am looking for the correct answer to this general accounting question with appropriate explanations. In 2023, Briarstone Ltd. had cash receipts of $48,000 and cash disbursements of $30,000....

The following table provides a description for the project Z. Activity Duration Predecessor Cost to crash by 1 day Max days to crash A 5 - $ 300 1 B 3 - $ 100 1 C 4 A $ 100 1 D 3 A $ 200 2 E 4 B $...