Acme Inc. has total liabilities of $120,000, total sales of $80,000, net income of $12,000, current assets of $90,000 and total assets of $150,000. What is the debt to equity ratio for Ac

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To calculate the debt to equity ratio for Acme Inc., we need to divide the total liabilities by the total equity.

The debt to equity ratio formula is:
Debt to Equity Ratio = Total Liabilities / Total Equity

First, let's calculate the total equity. Total equity is the difference between total assets and total liabilities.
Total Equity = Total Assets - Total Liabilities
Total Equity = $150,000 - $120,000
Total Equity = $30,000

Now we can calculate the debt to equity ratio by dividing the total liabilities by the total equity.
Debt to Equity Ratio = $120,000 / $30,000
Debt to Equity Ratio = 4

Therefore, the debt to equity ratio for Acme Inc. is 4.