The 2008 financial statements for Carmela's Catering are as follows: The firm has 100,000 shares of common stock outstanding with a market value of $8 a share.
-Refer to the information above. Calculate the liabilities-to-equity ratio, based on the market value of the equity, for the firm. Round your answer to the nearest tenth of a percent.

Question

The 2008 financial statements for Carmela's Catering are as follows:   The firm has 100,000 shares of common stock outstanding with a market value of $8 a share.
-Refer to the information above. Calculate the liabilities-to-equity ratio, based on the market value of the equity, for the firm. Round your answer to the nearest tenth of a percent.

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The Answer of The 2008 financial statements for Carmela's Catering are as follows:   The firm has 100,000 shares of common stock outstanding with a market value of $8 a share.
-Refer to the information above. Calculate the liabilities-to-equity ratio, based on the market value of the equity, for the firm. Round your answer to the nearest tenth of a percent.

The 2008 Financial Statements for Carmela's Catering Are as Follows