Bailey Corporation reported the following information for 2016:
| Net income | $17,000 |
| Total assets | 23,000 |
| Total stockholders' equity | 7,300 |
What is Bailey's debt-to-equity ratio?
3.15
1.08
1.93
2.15
Answer: Option D 2.15
| Debt to equity ratio = total liabilities by stockholder's equity |
| = (23000-7300)/7300 |
| 2.15 |
Bailey Corporation reported the following information for 2016: Net income $17,000 Total assets 23,000 Total stockholders'...