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At the end of the current year, the following information is available for both Kumar Company and Asher Company.

Kumar Company Asher Company
Total assets $ 2,326,000 $ 1,195,000
Total liabilities 833,000 527,000
Total equity 1,493,000 668,000

Required:

1. Compute the debt-to-equity ratios for both companies. (Round your answers to 2 decimal places.)

Debt-to-equity ratios
Kumar Company
Asher Company

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9417635

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