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Compute the debt-equity ratio for the year

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Reference no: EM131253401

Cartel Company's financial statement for the year 2013 reported total liabilities and stockholders' equity of $1,400,000; total liabilities of $750,000; total current assets of $680,000; and total property, plant, and equipment of $720,000. Compute the debt-equity ratio for the year.

A. 1.15

B. 0.54

C. 2.15

D. 0.87

Show your work; points will be awarded only if process to solve is shown.

Reference no: EM131253401

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