Mika Limited reported the following items on their Balance Sheet Unearned Revenue $ 85,000 Prepaid Rent 56,200 Mortgage liabilities 135,000 Long term note payable 150,000 Bonds payable 195,000 Other Current Liabilities 23,000 Share capital 125,000 Retained earnings 157,500 Calculate the debt to equ...

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Mika Limited reported the following items on their Balance Sheet: Unearned Revenue $ 85,000 Prepaid Rent 56,200

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Mika Limited reported the following items on their Balance Sheet:

Unearned Revenue	$ 85,000
Prepaid Rent	56,200
Mortgage liabilities	135,000
Long-term note payable	150,000
Bonds payable	195,000
Other Current Liabilities	23,000
Share capital	125,000
Retained earnings	157,500

Calculate the debt to equity ratio for Mika ( rounded to two decimal places ) . Show your calculations .

Related Book For answer-question

Financial Accounting A User Perspective

ISBN: 978-0470676608

6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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Posted Date: Apr 19, 2021 01:00 PM

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Mika Limited reported the following items on their Balance Sheet: Unearned Revenue $ 85,000 Prepaid Rent 56,200

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Financial Accounting A User Perspective

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