Buckeye Company has total assets of $622,235,811 and a debt to asset ratio of 60 percent....
Buckeye Company has total assets of $622,235,811 and a debt to asset ratio of 60 percent. Calculate the company’s debt-to-equity ratio.
Homework Answers
| debt-to-equity ratio is 1.50 | |
| Statement showing Computations | |
| Particulars | Amount |
| total assets | 622,235,811.00 |
| debt to asset ratio | 60% |
| Debt= 622,235,811*60% | 373,341,486.60 |
| Equity = Assets - Debt | 248,894,324.40 |
| debt-to-equity ratio =373,341,486.60/248,894,324.40 | 1.50 |
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