A firm has total assets of $523,100,current assets of $186,500,current liabilities of $141,000,and total debt of $215,000.What is the debt-equity ratio?
A)0.48
B)0.70
C)1.10
D)1.43
E)2.13

Name: A firm has total assets of $523,100,current assets of $186,500,current liabilities of $141,000,and total debt of $215,000.What is the debt-equity ratio? A)0.48 B)0.70 C)1.10 D)1.43 E)2.13
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Quizplus · Accepted Answer

Debt-equity ratio = $215,000/($523,100 - $215,000) = 0.70

A Firm Has Total Assets of $523,100,current Assets of $186,500,current