Question

Corporation has the following data as of December​ 31, ​: Total Current Liabilities $36,210 Total Stockholders' Equity $ ? Total Current Assets 58,200 Other Assets 36,800 Long-term Liabilities 139,630 Property, Plant, and Equipment, Net 206,440 Compute the debt to equity ratio at December​ 31, .​ (Round your answer to two decimal​ places, X.XX.)

Answer 1

Answer:Debt Equity ratio= 1.40

Step-by-step explanation:

Assets

Current Assets $ 58,200

Other Assets $36,800

Property Plant & Equipment (net) =$ 206,440

Total Assets =$301,440

Liabilities

Current Liabilities =$ 36,210

Long Term Liabilities =$139,630

Total Liabilities=$175,840

Total Stockholder's Equity= Total assets - total liabilities

=$301,440-$175,840

=$125,600

Debt Equity ratio = Total liabilities/ Total Stockholder’s Equity

= $175,840/$125,600

= 1.40