For Solar Industries and its related but separate financing company Solar Financing Corp. Required: a. Calculate the debt to equity ratio for 2019 and 2020. (Round the final answers to 2 decimal places.) Solar Industries (in millions) Solar Financing Corp (in millions) 2020 2019 2020 2019 43.550 37,400 89,460 77,152 Total Debt (A) Total Equity (B) 21,202 24,655 9.170 8.154 2.06 1.52 9.76 9.47

For Solar Industries and its related but separate financing company Solar Financing Corp. Required: a. Calculate the debt to equity ratio for 2019 and 2020. (Round the final answers to 2 decimal places.) Solar Industries (in millions) Solar Financing Corp (in millions) 2020 2019 2020 2019 43.550 37,400 89,460 77,152 Total Debt (A) Total Equity (B) 21,202 24,655 9.170 8.154 2.06 1.52 9.76 9.47

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 49E

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Refer to the information in RE13-5. Assume that on December 31, 2019, the investment in Smith Corporation bonds has a market value of 12,500. Prepare the year-end journal entry to record the unrealized gain or loss.
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