-
+1 - 312-224-1615
Get in touch with us
-
support@helpwithassignment.com
Send us an e-mail
Solution Library
calculation of debt-equity ratio
Question
Bayside Inc.
2008 Income Statement
($ in thousands)
Net sales $ 5680
Less: Cost of goods sold 4060
Less: Depreciation 420
Earnings before interest and taxes 1200
Less: Interest paid 30
Taxable Income $ 1170
Less: Taxes 410
Net income $ 760
Bayside, Inc.
2007 and 2008 Balance Sheets
($ in thousands)
2007 2008 2007 2008
Cash $ 70 180 accounts payable $ 1350 $ 1170
Accounts rec. 980 840 long-term debt 720 500
Inventory 1560 1990 common stock 3200 3500
Total $ 2610 3010 retained earnings 940 1200
Net fixed assets 3600 3360
Total asset $ 6210 $ 6370 total liabilities & equity $ 6210 $ 6370
What is the debt-equity ratio for 2008?
a. 22.5%
b. 26.2%
c. 35.5%
d. 45.1%
e. 47.7%
Download Full Solution
WHAT OUR STUDENTS SAY
I was badly stuck with an argumentative essay writing assignment when I started searching for help on the net. I never thought that I will get any sort of specialized help for the Australian universities and when HwA promised to deliver that, I thought why not? Then I chatted with the expert and I got to know that she was also from the same university as I am in. It was kind of cool as she knew my syllabus and helped me out by writing and excellent essays which helped me get great grades.
Oliver Stuart Brown Student
Was partying late night and forgot about my biotechnology assignment which was about to submit in 5 hours. Then approached several service providers but they refused to take up the assignment. Finally TheReliableTutor.com saved me. Submitted the assignment on time..!!!
Jordan Student
1. Process control assignments in chemical engineering were a very difficult challenge for me. I was totally unsure about the application of laplace transform and differential equation in chemistry. Then I came across HwA and their experts are truly knowledgeable. She helped me with my assignments and showed, actually how easy it is.
Laurie Bunting Student
1. While solving a case study on nursing ethics I was confused as in what stand to take. I did not have any idea what should have been an ideal solution to the given problem. Then when I approached TheReliableTutor.com, I found out that their online nursing tutors are actually working professionals and they gave fantastic explanations.
Betty Jones Student
"I knew my research proposal needs to be fantastic to create the first impression. I am a regular client of HelpWithAssingment.com and things worked out fine. Not only did they help me identify the topic but also at the same time they wrote a fantastic research proposal which had impressed my professor very much
Christoper Luke Student
Comments
this is a very good website
I have 50 questions for the same test your page is showing only 28
hi can you please help or guide me to answer my assignments. thanks
hi can anyone help or guide me to my assignments. thanks
This solution is perfect ...thanks
Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes
Perfect bank of solution.
great !
thanks for the quick response. the solution looks good. :)
thnx for the answer. it was perfect. just the way i wanted it.
works fine.