The financial statements of Midwest Tours are given below. Note: The common shares are trading in the stock market for $36 each.
Refer to the financial statements of Midwest Tours. The firm's leverage ratio for 2009 is
A) 1.62.
B) 1.56.
C) 2.00.
D) 2.42.
E) 2.17.

Question

The financial statements of Midwest Tours are given below.  Note: The common shares are trading in the stock market for $36 each.
Refer to the financial statements of Midwest Tours. The firm's leverage ratio for 2009 is
A) 1.62. 
B) 1.56. 
C) 2.00. 
D) 2.42. 
E) 2.17.

Quizplus · Accepted Answer

The Answer of The financial statements of Midwest Tours are given below.  Note: The common shares are trading in the stock market for $36 each.
Refer to the financial statements of Midwest Tours. The firm's leverage ratio for 2009 is
A) 1.62. 
B) 1.56. 
C) 2.00. 
D) 2.42. 
E) 2.17.

The Financial Statements of Midwest Tours Are Given Below