Question: the debt to equity ratio value is wrong, can anyone explain how to find the correct answer? The balance sheet for Franklin Corporation follows: Current

the debt to equity ratio value is wrong, can anyone explain how to find the correct answer? the debt to equity ratio value is wrong, can anyone explain how

The balance sheet for Franklin Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $ 245,000 758,000 $1,003,000 $ 157,000 455,000 612,000 391,000 $1,003,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) $ 88,000 Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio 1.6 61.01% 156.5

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