Use the following information to answer questions below
Data from the financial statements of The Grocer Company and FoodValu, Inc., two national grocery chains are presented below:

-To the nearest hundredth, what is the 2016 debt-to-equity ratio for FoodValu?
A) 0.21
B) 6.68
C) 572.95
D) 4.96

Question

Use the following information to answer questions below
Data from the financial statements of The Grocer Company and FoodValu, Inc., two national grocery chains are presented below:
 
-To the nearest hundredth, what is the 2016 debt-to-equity ratio for FoodValu?
A) 0.21 
B) 6.68 
C) 572.95 
D) 4.96

Quizplus · Accepted Answer

Debt-to-equity = Total liabilities / Total stockholders' equity
= $20,064 / $4,042 = 4.96
Stockholders' equity 2016 = $ 24,106 - $ 20,064 = $ 4,042

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