Will able corporations balance sheet showed the following


Debt-to-Equity Ratio

Will Able Corporation's balance sheet showed the following amounts: Current Liabilities, $10,000; Bonds Payable, $3,000; Lease Obligations, $4,000; and Notes Payable, $600. Total stockholders' equity was $12,000. The debt-to-equity ratio is:

a. 0.63.

b. 0.83.

c. 1.42.

d. 1.47.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Will able corporations balance sheet showed the following
Reference No:- TGS01262534

Expected delivery within 24 Hours