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    jahubb Posts: 27, Reputation: 1
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    Jan 31, 2008, 10:00 AM
    Debt to equity ratio
    Would someone please tell me if my answer is correct, Please
    A corporation's balance sheet showed the following amounts:
    Current Liabilities $ 20,000
    Bonds Payable $ 60,000
    Lease Obligations $ 12,000
    Deferred Income Tax $ 2,000
    Total stockholders equity was $ 42,000
    A. 0.45
    B. 0.58
    C. 1.76
    D. 2.24
    My answer is D. 2.24 is this correct

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