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Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767 Exercise 69
Calculating the Debt Ratio and the Debt-to-Equity Ratio
Ernst Company's balance sheet shows total liabilities of $27,600,100, total stockholders' equity of $12,355,000, and total assets of $39,955,100.
Required:
Note: Round answers to two decimal places.
1. Calculate the debt ratio.
2. Calculate the debt-to-equity ratio.
Ernst Company's balance sheet shows total liabilities of $27,600,100, total stockholders' equity of $12,355,000, and total assets of $39,955,100.
Required:
Note: Round answers to two decimal places.
1. Calculate the debt ratio.
2. Calculate the debt-to-equity ratio.
Explanation
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Verified
Solvency ratio is calculated in order to...
Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
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