
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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I need guidance with this financial accounting problem using the right financial principles.

Transcribed Image Text:Sims Corporation's most recent
balance sheet reports total assets of
$32,300,000, total liabilities of
$18,900,000, and total equity of
$13,400,000.
What is the Debt-to-Equity Ratio for
the period?
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