FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Data from the financial statements of Snoopy Co and Woodstock, Inc., two pet food chains are presented below.  To the nearest hundredth, what is the 2021 debt-to-equity ratio for Snoopy, Co.?

 
 
 
Snoopy Co.
Woodstock, Inc.
Total liabilities, 2021 …......
$45,000
$25,000
Total liabilities, 2020 …......
55,000
20,000
Total assets, 2021 ……......
65,000
30,000
Total assets, 2020 …….......
68,000
32,000
Revenue, 2021 …………....
201,000
80,000
Net income, 2021 .......
2,300
1,100
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