Debt management ratiosbelow are selected data from the, Ask an Expert

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DEBT MANAGEMENT RATIOS

Below are selected data from the financial statements of Jewell Company for 2008 and 2009.

	2009	2008
Total liabilities	$1,205,000	$952,000
Common stock ($30 par)	250,000	225,000
Paid-in capital in excess of par-common stock	150,000	135,000
Retained earnings	155,000	145,000

Required:

Determine whether the debt-to-equity ratio is increasing or decreasing and whether the company should be concerned.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91609787

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