Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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Suppose that for 2015 Arius company's current assets totaled $60,000;
total assets totaled 470,000; current liabilities totaled 72,000; and total
liabilities totaled $430,000. Calculate the debt-to-equity ratio for Arius
for 2015.
Calculate the debt-to-equity ratio for Arius for 2015. (round your answer
to three decimal places.)
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Transcribed Image Text:Suppose that for 2015 Arius company's current assets totaled $60,000; total assets totaled 470,000; current liabilities totaled 72,000; and total liabilities totaled $430,000. Calculate the debt-to-equity ratio for Arius for 2015. Calculate the debt-to-equity ratio for Arius for 2015. (round your answer to three decimal places.)
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