Selected balance sheet data follow for Window Dressing Company for the year ended December 31 (in...
Selected balance sheet data follow for Window Dressing Company for the year ended December 31 (in millions). Total operating liabilities $6,307 Total non-operating liabilities 5,497 Total current liabilities 4,817 Total liabilities 11,086 Total liabilities and shareholders’ equity 16,511 Based on the above information, what is the company’s Liabilities-to-Equity ratio for the year (round to two decimal places)?
Homework Answers
A. Total Liabilities =$11086
B. Total liabilities & Share Holder's Equity( Total Assets)=$16511
C.Share Holder's equity = B-A
= $16511-$11086
= =$5425
D. Liabilities to equity ratio= Total Liabilities(A)/Share Holder's equity(C)
=$11086/$5425
=2.04
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