Multiple Choice
Following is financial statement information for Rogex Corporation: cash = $242; accounts receivable = $850; inventory = $820; net fixed assets = $3,408; accounts payable = $700; short-term notes payable = $740; long-term liabilities = $1,100; common stock = $1,160; and retained earnings = $1,620. What is the debt-to-equity ratio for Rogex?
A) 0.91
B) 2.15
C) 0.48
D) 1.12
Correct Answer:
Verified
Correct Answer:
Verified
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