The Texas Rustler has total assets of $645,563 and an equity multiplier of 1.22. What is...
The Texas Rustler has total assets of $645,563 and an equity multiplier of 1.22. What is the debt-equity ratio?
Homework Answers
Equity multiplier=Total assets/equity
equity=645,563/1.22
=$529150
Total assets=Total liabilities+Total equity
Hence debt=645,563-529150
=116413
Debt to equity ratio=debt/equity
=116413/529150
=0.22
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The Texas Rustler has total assets of $645,563 and an equity
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