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3 years ago

Quentin's total debt to equity ratio on December 31, 2014, is _______

Business

1 answer:

scoundrel [369]3 years ago

3 0

Answer:

Quentin's total debt to equity ratio on December 31, 2014, is 0.62.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached file for the complete question.

The explnation to the answer is therefore given as follows:

The debt-to-equity ratio refers to a financial ratio that is used to measure the relative proportion of debt and Owners' equity that are employed to finance assets of a company.

The debt-to-equity ratio using the following formula:

Debt-to-equity ratio = Total liabilities / Owners' equity ............... (1)

Where;

Total liabilities = Total current liabilities + Non-current liabilities = $72,000 + $34,000 = $106,000

Owners' equity = $170,000

Substituting the value into equation (1), we have:

Debt-to-equity ratio = $106,000 / $170,000 = 0.62

Therefore, Quentin's total debt to equity ratio on December 31, 2014, is 0.62.

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2 years ago

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2 years ago

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1 year ago

Fitness Bands Corporation gathered the following information for Job #928: Standard Total Cost Actual Total Cost Direct materia

Eduardwww [97]

Question:

standard total cost Actual total cost

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Answer:

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Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.

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2 years ago

Destin Company uses the weighted average method in its process costing system. The first processing department, the welding depa

ICE Princess25 [194]

Answer:

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3 years ago