Financial statements for Harwich Company for the most recent year appear below: The balances in the Cash, Accounts Receivable, Inventory, Bonds Payable, Common Stock, and Additional Paid-In Capital accounts are unchanged from the beginning of the year. A $0.75 per share dividend was declared and paid during the year. On December 31, Harwich Company's common stock was trading at $24.00 per share.
-Harwich Company's debt-to-equity ratio at the end of the year was closest to:
A)0.33
B)0.50
C)0.67
D)1.00

Question

Financial statements for Harwich Company for the most recent year appear below:   The balances in the Cash, Accounts Receivable, Inventory, Bonds Payable, Common Stock, and Additional Paid-In Capital accounts are unchanged from the beginning of the year. A $0.75 per share dividend was declared and paid during the year. On December 31, Harwich Company's common stock was trading at $24.00 per share.
-Harwich Company's debt-to-equity ratio at the end of the year was closest to:
A)0.33 
B)0.50 
C)0.67 
D)1.00

Quizplus · Accepted Answer

Debt-to-equity ratio = Total liabilities F1F1F1S1F1F1F10 Stockholders' equity = $300 F1F1F1S1F1F1F10 $300 = 1.00

Financial Statements for Harwich Company for the Most Recent Year