Damon Corporation has provided the following data from its most recent balance sheet:

$\begin{array}{lr}
\text { Total assets. }&\$ 630,000 \
\text { Total liabilities }&\$ 540,000 \
\text { Total stockholders' equity }&\$ 90,000
\end{array}$

The debt-to-equity ratio is closest to:
A)0.17
B)6.00
C)0.86
D)7.00

Question

Damon Corporation has provided the following data from its most recent balance sheet:

$\begin{array}{lr}
\text { Total assets. }&\$ 630,000 \
\text { Total liabilities }&\$ 540,000 \
\text { Total stockholders' equity }&\$ 90,000
\end{array}$

The debt-to-equity ratio is closest to:
A)0.17
B)6.00
C)0.86
D)7.00

Quizplus · Accepted Answer

The Answer of Damon Corporation has provided the following data from its most recent balance sheet:

$\begin{array}{lr}
\text { Total assets. }&\$ 630,000 \
\text { Total liabilities }&\$ 540,000 \
\text { Total stockholders' equity }&\$ 90,000
\end{array}$

The debt-to-equity ratio is closest to:
A)0.17
B)6.00
C)0.86
D)7.00

Damon Corporation Has Provided the Following Data from Its Most