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Category > Accounting Posted 28 Jul 2017 My Price 7.00

Debt-to-Equity Ratio

Exercise 16-36  Debt Ratio, Debt-to-Equity Ratio

Busch Company’s balance sheet shows total liabilities of $510,900, total equity of $126,000, and total assets of $636,900.

Required:

Note: Round answers to two decimal places.

1.       Calculate the debt ratio.

2.       Calculate the debt-to-equity ratio.

3.       CONCEPTUAL CONNECTION Based on the ratios calculated in Requirements 1 and 2, comment on the riskiness of Busch’s financing decisions.

 

 

 

 

 

Sales

$11,300,000

Cost of goods sold

3,000,000

Gross margin

$  8,300,000

Operating expenses

3,800,000

Operating income

$  4,500,000

Interest expense

1,000,000

Income before taxes

$  3,500,000

Income taxes

1,400,000

Net income

$  2,100,000

 

 

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Maurice Tutor
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Status NEW Posted 28 Jul 2017 10:07 PM My Price 7.00

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