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The following information applies to the questions displayed below.
Simon Company's yearend balance sheets follow.
The company's income statements for the current year and one year ago, follow.
a Compute debttoequity ratio for the current year and one year ago.
b Based on debttoequity ratio, does the company have more or less debt in the current year versus one year ago?
Complete this question by entering your answers in the tabs below.
Compute debttoequity ratio for the current year and one year ago. Fill out debttoequity ratio form. Numerator answer choices accounts receivable, cost of goods sold, current assets, current liabilities, net sales, total assets, total equity Denominator choices accounts receivable net, cost of goods sold, current assets, current liabilities, net sales, total assets, total equity
ALSO FIND Based on debttoequity ratio, does the company have more or less debt in the current year versus one year ago?
Based on debttoequity ratio, the company has lessmore debt in the current year versus one year ago.
