Watterson Corporations balance sheet showed the following amounts: current liabilities, $70,000; bonds payable, $150,000; and lease obligations,$20,000.

Question:

Watterson Corporation’s showed the following amounts: current liabilities, $70,000; bonds payable, $150,000; and lease obligations,$20,000. Total stockholders’ equity was $90,000.

Required:
Calculate the debt to equity ratio. (Note: Round answer to three decimal places.) Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...