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 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
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
