A partial balance sheet ($s in thousands) for Captain D\'s Seafood Inc. is shown

Question

A partial balance sheet ($s in thousands) for Captain D's Seafood Inc. is shown below.

86

114

33

179

$785

$785

The debt to equity ratio is (Round your answer to 2 decimal places):

1.33%

.99%

.57%

2.50%

  Assets:   Liabilities:   Cash $62   Accounts payable $248   Accounts receivable (net) 174   Other liabilities

86

  Notes receivable 51   Total current liabilities 334   Inventories 204   Long-term liabilities

114

  Prepaid expenses

33

    Total liabilities 448       Total current assets 524   Shareholders' equity:   Plant assets (net) 261   Capital stock 158   Retained earnings

179

  Total stockholders’ equity 337   Total assets

$785

  Total liabilities and equity

$785

Explanation / Answer

DEBT TO EQUITY RATIO

= TOTAL LIBALITY / TOTAL SHARE HOLDERS EQUITY

= $448 / $337

= 1.33

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.