Which financial statement(s)do you need to use to calculate the debt-to-equity ratio?
A)only the balance sheet
B)only the income statement
C)both the income statement and the balance sheet
D)the income statement,the balance sheet,and the statement of cash flows

Question

Quizplus · Accepted Answer

The debt-to-equity ratio is calculated using the balance sheet, as it compares total liabilities to shareholders' equity, both of which are found on the balance sheet.

Which Financial Statement(s)do You Need to Use to Calculate the Debt-To-Equity