A corporation reports the following year-end balance sheet data. The company's equity ratio equals: Cash $ 58,000 Current liabilities $ 93,000 Accounts receivable 73,000 Long-term liabilities 44,000 Inventory 78,000 Common stock 118,000 Equipment 163,000 Retained earnings 117,000 Total assets $ 372,000 Total liabilities and equity $ 372,000a. 0.37 b. 2.25 c. 0.58 d. 0.63 e. 1.41
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A corporation reports the following year-end balance sheet data. The company's equity ratio equals:...
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