2A2J THE FOLLOWING INFORMATION HAS BEEN DERIVED FROM THE FINANCIAL ST...
48.
CSO: 2A2b
LOS: 2A2j
The following information has been derived from the financial statements of Boutwell
Company.
Current assets
$640,000
Total assets
990,000
Long-term liabilities
130,000
Current ratio
3.2 Times
The company’s debt-to-equity ratio is
a.
0.50 to 1.
b.
0.37 to 1.
c.
0.33 to 1.
d.
0.13 to 1.