Use this balance sheet and income statement to answer the following question. Use ending balances whenever average balances are required for computing ratios. The debt to equity ratio for Abner Systems is
A) 67 percent.
B) 75 percent.
C) 25 percent.
D) 33-1/3 percent.

Question

Use this balance sheet and income statement to answer the following question. Use ending balances whenever average balances are required for computing ratios.   The debt to equity ratio for Abner Systems is
A) 67 percent. 
B) 75 percent. 
C) 25 percent. 
D) 33-1/3 percent.

Quizplus · Accepted Answer

The Answer of Use this balance sheet and income statement to answer the following question. Use ending balances whenever average balances are required for computing ratios.   The debt to equity ratio for Abner Systems is
A) 67 percent. 
B) 75 percent. 
C) 25 percent. 
D) 33-1/3 percent.

Use This Balance Sheet and Income Statement to Answer the Following