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Home Q & A Board Other Fields Homework Help Business Accounting
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123lol456 123lol456
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A year ago
The 2021 and 2022 partial balance sheets for Ottoman Manufacturing Company appear below:

​​20212022
Current liabilities$  20,000$  30,000
Noncurrent liabilities    60,000    40,000
Total liabilities80,00070,000
Stockholders' equity​​
  Common stock2,0002,000
  Additional paid-In capital4,0004,000
  Retained earnings   40,000   26,000
Total stockholders' equity   46,000   32,000
Total liabilities and stockholders' equity$126,000$102,000

What is the debt-to-equity ratio for 2022?

▸ 2.19

▸ 1.80

▸ 0.46

▸ 1.25
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Managerial Accounting

Managerial Accounting


Edition: 4th
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someonespecialsomeonespecial
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A year ago
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