Boulder Mountain Ski Company has total assets of $489,600,000 and a debt ratio of 0.29. Calculate company's debt-to-equity the ratio.

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...
icon
Related questions
Question

What is the debt to equity ratio ?

Boulder Mountain Ski Company
has total assets of $489,600,000
and a debt ratio of 0.29. Calculate
company's debt-to-equity
the
ratio.
Transcribed Image Text:Boulder Mountain Ski Company has total assets of $489,600,000 and a debt ratio of 0.29. Calculate company's debt-to-equity the ratio.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning