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Calculate the debt to equity ratio

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Reference no: EM132823435

Question - The following is selected simplified information from Organic Catering's balance Sheet as at December 31, 2020 and December 31, 2021. (Round the final answer to two decimal places.)

(Numbers in thousands)

2021

2020

Cash

$6,501

$3,880

Accounts receivable

4,368

4,616

Notes receivable (current)

220

265

Inventories

123

137

Prepaid expenses and other (current) assets

190

695

Current liabilities

11,061

10,649

Total liabilities

31,376

31,980

Shareholders' equity

45,964

56,700

Required - Calculate the debt to equity ratio.

Reference no: EM132823435

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