Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below.
Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below.
HHF's debt to equity ratio is (Round your answer to two decimal places.:
1.13.
0.53
1.80.
0.75
Homework Answers
Debt Equity Ratio = Total Liabilities/Total Shareholders' Equity
Total Liabilities= Current Liabilities+10% Bonds,long term
= $180+$360 = $540
Total Shareholders' Equity = Capital Stock+Retained Earnings
= $200+$280 = $480
Debt Equity Ratio = $540/$480 = 1.13
Therefore HHF's debt equity ratio is 1.13. Hence the correct option is A) 1.13.
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