Answer:
Debt/Equity= Total Liabilities /Total Shareholders’ Equity
Current liabilities = $687,600 − 223,700
Current liabilities = $463,900
Total equity = $1,711,000 − 463,900 − 450,000
Total equity = $797,100
Debt-equity ratio = ($463,900 + 450,000)/$797,100
Debt-equity ratio= 1.15
Step-by-step explanation:
24.5-9-6
Point-slope form: y - y₁ = m(x - x₁)
[m is the slope, x₁ and y₁ ---> (x₁, y₁) is the point]
Since you know:
m = 5
(2, 6) = (x₁, y₁) Substitute/plug in the values into the equation
y - y₁ = m(x - x₁)
y - 6 = 5(x - 2) The 1st option is your answer
