14. Financial Statement Analysis
Ratios: Debt to Equity Ratio
Multiple Choice
Multiple ChoiceAt the beginning of the year, ABC Company had total assets of $600,000, Total Liabilities of $360,000, and Total Equity of $240,000. At the end of the year, total assets had increased to $800,000, Total Liabilities decreased to $320,000 and Total Equity increased to $480,000. What was the change in the company's debt to equity ratio during the year?
A
Increase by 0.83
B
Increase by 0.20
C
Decrease by 0.83
D
Decrease by 0.20
E
No change in the debt to equity ratio
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