Question

What was the debt-to-equity ratio for this company for 2026? 2025 2026 2025 2026 Cash $6,200 $8,000 Accounts payable $8,000 $9,200 Accounts receivable $14,000 $18,500 Utilities payable $1,000 $2,400 Inventory $4,600 $4,200 Salaries payable $2,000 $1,800 Prepaid rent $1,000 $1,400 Notes payable $40,000 $46,000 Equipment $46,000 $46,000 Interest payable $1,300 $1,000 Accumulated deprec. ($12,400) ($14,400) Common stock $15,000 $15,000 Land $12,000 $13,500 Retained earnings $4,100 $1,800 $71,400 $77,200 $71,400 $77,200 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 3.595 b 2.738 с 19.102 3.139

Answer 1

Accounts Payable	9200
Utilities Payable	2400
Salaries Payable	1800
Notes Payable	46000
Interest Payable	1000
Total Liabilities	60400
Common Stock	15000
Retained earnings	1800
Total Equity	16800
Total Liabilities	60400
Divide by Total Equity	16800
Debt-to-Equity ratio	3.595
Option a 3.595 is correct

Answer 2

you have to calculate based on 2 years, calculate the average liabilities then the average equity, then divide