Calculate the debt-to-equity ratio. Ernst Company's balance sheet shows total liabilities of $32,500,000, total stockholders' equity of $8,125,000, and total assets of $40,625,000.

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Chapter15: Financial Statement Analysis
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Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...
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Calculate the debt-to-equity ratio.
Ernst Company's balance sheet shows total liabilities of $32,500,000, total stockholders' equity of
$8,125,000, and total assets of $40,625,000.
Transcribed Image Text:Calculate the debt-to-equity ratio. Ernst Company's balance sheet shows total liabilities of $32,500,000, total stockholders' equity of $8,125,000, and total assets of $40,625,000.
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