The following information was drawn from the accounting records of Woo Company. Current assets $ 73,000 Long-term assets (Plant assets) 730,000 Current liabilities 59,000 Long-term liabilities Stockholders' Equity 480,000 605,000 Earnings before interest and taxes 79,000 Interest expense 34,000 Based on this information, the company's debt to equity ratio is: (Round your answer to two decimal places.) Multiple Choice 0.89 to 1 0.97 to 1 0.67 to 1

The following information was drawn from the accounting records of Woo Company. Current assets $ 73,000 Long-term assets (Plant assets) 730,000 Current liabilities 59,000 Long-term liabilities Stockholders' Equity 480,000 605,000 Earnings before interest and taxes 79,000 Interest expense 34,000 Based on this information, the company's debt to equity ratio is: (Round your answer to two decimal places.) Multiple Choice 0.89 to 1 0.97 to 1 0.67 to 1

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter15: Capital Investment Analysis

Section: Chapter Questions

Problem 15.5.1MBA

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