Louisiana State University, Shreveport ACCOUNTING ACCOUNTING Acct 701 XYZ company presented the following financial information for…
XYZ company presented the following financial information for December 31, 2018 and 2017.
Accounts receivable $40,000 $36,000
Inventory 28,000 35,000
Net sales 190,000 186,000
Cost of goods sold 114,000 108,000
Total assets 425,000 405,000
Total stockholders’ equity
What is 2018 debt to equity ratio is (rounded to one decimal place)?
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