In 20X4, The W D Co. had total liabilities of $22,704 million and total assets of $43,679 million. In 20X3, they had total liabilities of $21,990 million and total assets of $41,378 million. Calculate their debt to equity ratio for 20X4 and 20X3, respectively.
A) .48 and .47
B) .52 and .53
C) .92 and .88
D) 1.08 and 1.13

Question

Quizplus · Accepted Answer

Calculation: $22,704/($43,679 - $22,704) = 1.08; $21,990/($41,378 - $21,990) = 1.13.

In 20X4, the W D Co