King Company Balance Sheet Cash $20,000 Receivables 20,000 Inventories 60,000 Total Current Assets 100,000 Plant Assets

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answerhappygod
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King Company Balance Sheet Cash $20,000 Receivables 20,000 Inventories 60,000 Total Current Assets 100,000 Plant Assets

Post by answerhappygod »

King Company
Balance Sheet

Cash $20,000
Receivables 20,000
Inventories 60,000
Total Current Assets 100,000
Plant Assets (net) 200,000
$300,000
Accounts Payable $ 50,000
Long Term debt 100,000
Stock holders' equity 150,000
$300,000
The Debt/Equity ratio for King Company is:
Group of answer choices
.5:1
1:1
1.5:1
2:1
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