Total liabilities and stockholders equity
Macroeconomics
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.
