Saved The balance sheet for Altoid Co. is shown below. $ 330 1,100 1,200 ALTOID...
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Saved The balance sheet for Altoid Co. is shown below. $ 330 1,100 1,200 ALTOID CO. Balance Sheet At December 31, 2021 Assets: Cash Short-term investments Accounts receivable (net) Inventory Property, plant, and equipment (net) Total assets Liabilities and shareholders' equity: Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and shareholders' equity 1,350 1,630 $ 5,010 $ 1,350 1,500 1,050 1,110 $ 5,010 Selected 2021 income statement information for Altoid Co. includes: $9.500 8.520 Net Sales Operating expenses Income before interest and tax Interest expense Income tax expense Net income Required: Compute the following financial statement ratios for 2021: Altoid Co.'s long term debt to equity ratio. (Round your answer to 2 decimal places.) Long-term debt to equity
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