Review the consolidated balance sheets of Backkus Metal Company.
REQUIRED:
Which one of the liabilities shown in the balance sheets is used in the calculation of the debt-to-equity ratio?
If we can assume that the stockholders' equity total remained relatively constant for the two years, how would the ratio change increase/decrease) from 2014 to 2015? What would this say about the company's financial position?

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The Answer of Review the consolidated balance sheets of Backkus Metal Company.
REQUIRED:
Which one of the liabilities shown in the balance sheets is used in the calculation of the debt-to-equity ratio?
If we can assume that the stockholders' equity total remained relatively constant for the two years, how would the ratio change increase/decrease) from 2014 to 2015? What would this say about the company's financial position?

Review the Consolidated Balance Sheets of Backkus Metal Company