Whitten Corporation's balance sheet shows the following amounts: current assets, $200,000; current liabilities, $80,000; bonds payable, $155,000; and lease obligations, $25,000. Total stockholders' equity is $120,000. Required: Calculate the debt to equity ratio. Round your answer to two decimal places
Other questions asked by students
1. Ryan is readying for a face-off at the begninning of a hockey game. What is...
A pennant is shaped like a right triangle with hypotenuse 10 feet. The length of...
A sample survey was taken of 100 customers to determine which brand of snack crackers...
2. In how many different ways can the letters of the word 'MATHEMATICS' be arranged...
Green LTD issued 5,000 shares of its $5 par value common stock in payment for...
Bill just returned from a duck hunting trip with eight ducks. Bills friend, John, disapproves...
Kingbird Airlines is considering two alternatives for the financing of a purchase of a fleet...