Use the information in Table 4.1 to determine the 2013 long term debt
Use the information in Table 4.1 to determine the 2013 long term debt to equity ratio for Bacon Signs.
A) $5,500/$5,420 = 1.01
B) $5,500/$9,620 = 0.57
C) $6,678/ $5,420 = 1.23
D) $6,678/$9,620 = 0.69
ANSWER
B
Explanation: B) LTD/Equity = $5,500/($4,200 + $5,420 ) = 0.57
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.