Wayland company has total liabilities of $65,000 and total equity of $130,000. it's debt-to-equty ratio is 0.5.
What is equity?
Equity is the ownership of assets with potential debts or other responsibilities. For accounting reasons, equity is calculated by deducting liabilities from the value of the assets.
therefore,
Wayland company has total liabilities of $65,000 and total equity of $130,000. it's debt-to-equty ratio is 0.5.
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