Solution-Calculate the debt to equity ratio

Calculate the debt to equity ratio

Reference no: EM132835758

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: EM132835758

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Calculate the debt to equity ratio : The following is selected simplified information from Organic Catering's balance Sheet as at December 31, 2020 - Calculate the debt to equity ratio

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Calculate the debt to equity ratio

Reference no: EM132835758

Reference no: EM132835758

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