Payne Corporation has the following amounts as of December 31, 2025. Total assets Total liabilities Total equity 40,940 17,940 23,000 Compute the debt to equity ratio at December 31, 2025. (Round to two decimal places, X.XX.) || II Debt to equity ratio

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...
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Payne Corporation has the following amounts as of December 31, 2025.
Total assets
Total liabilities
Total equity
40,940
17,940
23,000
Compute the debt to equity ratio at December 31, 2025. (Round to two decimal places, X.XX.)
||
II
Debt to equity ratio
Transcribed Image Text:Payne Corporation has the following amounts as of December 31, 2025. Total assets Total liabilities Total equity 40,940 17,940 23,000 Compute the debt to equity ratio at December 31, 2025. (Round to two decimal places, X.XX.) || II Debt to equity ratio
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