Use the following information to answer the next ten questions:
Excerpts from TPX Company's December 31,2015 and 2014,financial statements are presented below:

-TPX Company's 2015 debt to equity ratio is:
A)50.0%.
B)60.0%.
C)70.0%.
D)80.0%.

Question

Use the following information to answer the next ten questions:
Excerpts from TPX Company's December 31,2015 and 2014,financial statements are presented below:
 
-TPX Company's 2015 debt to equity ratio is:
A)50.0%. 
B)60.0%. 
C)70.0%. 
D)80.0%.

Quizplus · Accepted Answer

The debt to equity ratio is calculated by dividing total debt by total equity. If the ratio is 70.0%, it means that for every dollar of equity, there is $0.70 of debt.

Use the Following Information to Answer the Next Ten Questions