Question: Using the information below, calculate the Debt to Equity ratio for 20x2. 12/31/20X2 $118,000 Assets Liabilities Stockholders' Equity 12/31/20X1 $58,000 ? $20,000 ? Other Information:

Using the information below, calculate the Debt to Equity ratio for 20x2. 12/31/20X2 $118,000 Assets Liabilities Stockholders' Equity 12/31/20X1 $58,000 ? $20,000 ? Other Information: Revenues in 20X2: $136,000 Expenses in 20x2: $115,000 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 2.189 2.730 .457 366

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