Deacon corporation has provided the following financial


Question - Deacon Corporation has provided the following financial data from its balance sheet and income statement:

Year 2Year 1  Total assets$1,298,000 $1,232,000   Total liabilities$610,000 $462,100   Total stockholders' equity$734,400 $892,000   Net operating income (income before interest and taxes)$69,903    Interest expense$35,000  

Find the company's debt-to-equity ratio at the end of Year 2.

0.68

0.63

0.52

0.83

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Deacon corporation has provided the following financial
Reference No:- TGS02387683

Now Priced at $25 (50% Discount)

Recommended (91%)

Rated (4.3/5)