A company’s balance sheet reveals it has total assets of $8,081,700, total liabilities of $2,966,700, and total equity of $5,115,000. The current debt-to-equity ratio for this company is:

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...
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A company’s balance sheet reveals it has total assets of $8,081,700, total liabilities of $2,966,700, and total equity of $5,115,000. The current debt-to-equity ratio for this company is:

0.37.

0.58.

0.63.

1.72.

2.72.

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