To change from one unit to another in the metric system
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The debt to equity ratio using the book value of equity in 2019 would be<u> 2.29.</u>
<h3>Finding the debt-to-equity ratio.</h3>This can be found by the formula:
= Interest bearing Debt / Book value of equity
= (Notes payable + Current maturities of long term debt + Long term debt) / Book value of equity
= (10.5 + 39.9 + 239.7) / 126.6
= 2.29
In conclusion, debt-to-equity ratio is 2.29.
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