CPA · Question 50 · Area I: Financial Reporting
Horizon Corp. has the following information for calculating its debt-to-equity ratio:<br/>- Current liabilities: $400,000<br/>- Long-term debt: $1,200,000<br/>- Common stock: $800,000<br/>- Retained earnings: $600,000<br/>- Accumulated other comprehensive income: $50,000<br/><br/>What is Horizon's debt-to-equity ratio?
Answer options:
1.10
1.14
1.50
0.91
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