Question: Using the information below, calculate the Debt to Equity ratio for 20x2. Assets Llabilities Stockholders' Equity 12/31/20X1 $53,000 ? $16,000 12/3120X2 $113,000 ? ? Other

Using the information below, calculate the Debt to Equity ratio for 20x2. Assets Llabilities Stockholders' Equity 12/31/20X1 $53,000 ? $16,000 12/3120X2 $113,000 ? ? Other Information: Revenues in 20X2: $134,000 Expenses in 20X2: $114,000 Dividends declared in 20x2. $4,000 No new capital contributions by owners in 20X2 No share repurchases, stock splits, or stock dividends occurred in 20X2 2.531 3.031 395 330

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