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Pippin Piping Co. manufactures decorative fabric trims. The companys financial statements follow. Pippin Piping Co. Comparat
2015 $25,800 127,000 80,700 10,000 243,500 576,000 $819,500 2014 $20,500 94,300 56,000 4,600 175,400 540,300 $715,700 Pippin
Additional information Closing stock price Shares outstanding Dividends paid per share 2016 $38 12,000 $1.32 2015 $35 12,000
(d1) Assess Pippins leverage. Debt ratio 2014 2015 2016 Debt-to-equity ratio (Round answers to 2 decimal places, e.g. 52.75.
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Answer #1

computation of debt ratio Debt rootio = Total Liabilities x 100 Total Asselb Debt ratio - 2014 37a84 $ 270800 x100 $705700 20Debt - Equity ratio = Debt Equity 2014 P0.61 $ 270800 $444 900 2015 0.45 $ 253440 $566060 2016 0.35 $234120 $ 66464D Tames -2014 1403 $94680+$63120+$ 1900 $119oo 2015 16.7 $98760 +$65840+$10500 $ 10500 2016 18.0 $114420+$76280+$ 11200 $11200

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