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What is debt to equity ratio is

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Reference no: EM132792795

XYZ company presented the following financial information for December 31, 2018 and 2017.

                                                                 2018                                    2017

Accounts receivable                           $40,000                        $36,000

Inventory                                         28,000                              35,000

Net sales                                         190,000                          186,000

Cost of goods sold                              114,000                           108,000

Total assets                                        425,000                        405,000

Total stockholders' equity                         240,000                    225,000

Net income                                               32,500                       28,000

Porblem 1: What is 2018 debt to equity ratio is (rounded to one decimal place)?

Reference no: EM132792795

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