Team Shirts has current assets of $162,348; total assets of $210,837; current liabilities of $86,941; total liabilities of $101,745; and shareholders' equity of $109,092.Calculate the debt-to-equity ratio.
A) 188%
B) 53%
C) 93%
D) 193%
Correct Answer:
Verified
Q223: Which financial statement(s)do you need to use
Q224: When company's debt-to-equity ratio is greater than
Q225: Financial leverage _.
A)is always good for companies
B)refers
Q226: If a company earns more with the
Q227: The debt-to-equity ratio _.
A)compares the amount of
Q229: The debt-to-equity ratio is calculated by dividing
Q230: Tarnisha Smith is pleased with the performance
Q231: Merryworth,Inc.had $2,000,000 in total assets,of which $600,000
Q232: Doolitte & Daley,Inc.has current assets of $100,000;
Q233: If a company earns more with the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents