A firm has a long-term debt-equity ratio of 0.5. Shareholders’ equity is $1.04 million. Current assets are $228,000, and the current ratio is 1.9. The only current liabilities are notes payable. What is the total debt ratio? Note: Round your answer to 2 decimal places. Total Debt Ratio ____________-

A firm has a long-term debt-equity ratio of 0.5. Shareholders’ equity is $1.04 million. Current assets are $228,000, and the current ratio is 1.9. The only current liabilities are notes payable. What is the total debt ratio? Note: Round your answer to 2 decimal places. Total Debt Ratio ____________-

Name: A firm has a long-term debt-equity ratio of 0.5. Shareholders’ equity
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Description: A firm has a long-term debt-equity ratio of 0.5. Shareholders’ equity is $1.04 million. Current assets are $228,000, and the current ratio is 1.9. The only current liabilities are notes payable. What is the total debt ratio?Note: Round your answer to

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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