Top Posters
Since Sunday
A
6
j
6
c
5
m
5
C
5
d
5
s
5
n
4
i
4
d
4
d
4
J
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
moreme moreme
wrote...
Go to Answer
Posts: 151
Rep: 0 0
10 months ago

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

Year 2Year 1
Total assets$ 1,320,000$ 1,313,700
Total liabilities$ 586,000$ 461,700
Total stockholders' equity$ 734,000$ 852,000
Net operating income (income before interest and taxes)$ 69,515
Interest expense$ 32,000

The company’s debt-to-equity ratio at the end of Year 2 is closest to:



▸ 0.44

▸ 0.46

▸ 0.65

▸ 0.80
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
Read 59 times
1 Reply
Replies
Answer verified by a subject expert
Hollywood1971Hollywood1971
wrote...
#1
Posts: 128
Rep: 0 0
10 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

moreme Author
wrote...

10 months ago
Just got PERFECT on my quiz
Morgan-C
wrote...

Yesterday
this is exactly what I needed
smi3
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  922 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 4253
  
 78
  
 314
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 432
Previous poll results: Should Ph.D.'s be addressed as doctors?