The following information is for Carol's Carrot Company: 1,000 Common Shares Outstanding Earnings for the current year $20,000\ Common Stock was selling for $40 per share on the NYSE Long Term Debt is $100,000 Stockholders' Equity is $300,000 COMPUTE the DEBT-TO-EQUITY RATIO   _____________________________

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...
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The following information is for Carol's Carrot Company:

1,000 Common Shares Outstanding

Earnings for the current year $20,000\

Common Stock was selling for $40 per share on the NYSE

Long Term Debt is $100,000

Stockholders' Equity is $300,000

COMPUTE the DEBT-TO-EQUITY RATIO   _____________________________

 

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