Schulte Enterprises has a debt-to-equity ratio of .67 in 2012. How would you interpret this ratio?
This ratio indicates that for every $1 of equity (capital stock and retained earnings), creditors provided $.67. Low debt-to-equity ratios indicate a company's preference in raising funds through equity financing rather than debt financing.
You might also like to view...
Assume that an assembly line has three tasks that must be completed (in order, A, B, C, and D). The tasks have processing times of 8, 12, 9, and 10 minutes per unit, respectively. If the assembly line operates for 500 minutes per day with a desired output of 50 units per day, what is the efficiency of the assembly line?
a. 90% b. 95% c. 97.5% d. Cannot be determined from the information given
The Falisari Company collected the following information (in days):Inspecting product4Transporting product14Storing product20Manufacturing product65What is the manufacturing cycle efficiency?
A. 76.5%. B. 82.2%. C. 63.1%. D. 100.0%.
During the revising and proofreading process, a writer should re-analyze the audience
Indicate whether the statement is true or false
Which of the following is classified as a current asset?
A. Land. B. Accounts receivable. C. Unearned revenue. D. Patent. E. Office equipment.