Longhorn Company Reported the Following Data at Year-End

question 110

Essay

Longhorn Company reported the following data at year-end:
Calculate each of the following ratios.Round your answers to two decimal places.
A.Debt-to-equity ratio
B.Current ratio

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Definitions:

Incentive Plans

Strategies used by employers to motivate and reward employees' performance and productivity.

Organizational Criteria

Standards or principles used to evaluate and make decisions within a business or institution.

Financial Incentives

Monetary rewards offered to influence the behavior, performance, or decision-making of individuals or organizations.

Salespeople

Individuals responsible for selling products or services to customers, often working on commissions.