Practice: On its December 31 balance sheet, XYZ Company reported total assets of $880,000 and total liabilities of $560,000. What is the company’s debt to equity ratio?

Subjects

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Ch. 1 - Introduction to Accounting | 1hr & 21mins | 0% complete | |||

Ch. 2 - Transaction Analysis | 1hr & 14mins | 0% complete | |||

Ch. 3 - Accrual Accounting Concepts | 2hrs & 38mins | 0% complete | |||

Ch. 4 - Merchandising Operations | 2hrs & 31mins | 0% complete | |||

Ch. 5 - Inventory | 1hr & 55mins | 0% complete | |||

Ch. 6 - Internal Controls and Reporting Cash | 1hr & 16mins | 0% complete | |||

Ch. 7 - Receivables and Investments | 3hrs & 17mins | 0% complete | |||

Ch. 8 - Long Lived Assets | 5hrs & 6mins | 0% complete | |||

Ch. 9 - Current Liabilities | 2hrs & 19mins | 0% complete | |||

Ch. 10 - Time Value of Money | 1hr & 27mins | 0% complete | |||

Ch. 11 - Long Term Liabilities | 2hrs & 45mins | 0% complete | |||

Ch. 12 - Stockholders' Equity | 2hrs & 15mins | 0% complete | |||

Ch. 13 - Statement of Cash Flows | 2hrs & 24mins | 0% complete | |||

Ch. 14 - Financial Statement Analysis | 5hrs & 27mins | 0% complete | |||

Ch. 15 - GAAP vs IFRS | 56mins | 0% complete |

Additional Practice |
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Ratios Cumulative Problems |

Concept #1: Ratios: Debt to Equity Ratio

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Practice: On its December 31 balance sheet, XYZ Company reported total assets of $880,000 and total liabilities of $560,000. What is the company’s debt to equity ratio?

Practice: At the beginning of the year, ABC Company had total assets of $600,000, Total Liabilities of $360,000, and Total Equity of $240,000. At the end of the year, total assets had increased to $800,000, Total Liabilities decreased to $320,000 and Total Equity increased to $480,000. What was the change in the company’s debt to equity ratio during the year?

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Concept #1: Ratios: Debt to Equity Ratio

Practice #1: Debt to Equity Ratio

Practice #2: Debt to Equity Ratio

Consider the following information:
Compute the receivable turnover to the nearest hundredth.
A. 11.43
B. 8.57
C. 11.23
D. 8.42

Consider the following information:
Compute the debt-to- equity ratio to the nearest hundredth.
A. 0.53
B. 0.57
C. 0.46
D. 0.67

The debt-to-equity ratio is 6.0. If total equity is $10,000, what is the amount of total liabilities?
a. $600,000
b. $6,000
c. $100,000
d. $60,000
e. None of the above

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