Lockwood Corporation Had $1,523,000 in Total Assets,$758,000 in Total Liabilities,and

question 72

Short Answer

Lockwood Corporation had $1,523,000 in total assets,$758,000 in total liabilities,and $765,000 in stockholders' equity.Interest expense for the period was $151,350.Income from operations was $380,750.Calculate the debt-to-equity ratio.Round your answer to the nearest tenth of a percent.

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Definitions:

Adrenal Glands

Small glands located on top of each kidney that produce hormones such as adrenaline and cortisol, which help regulate metabolism, immune system, blood pressure, and stress responses.

Pineal Gland

A small endocrine gland in the brain that produces melatonin, regulating sleep and wake patterns.

Pituitary Gland

A small endocrine gland located at the base of the brain that produces hormones regulating growth, metabolism, and reproductive functions.

GABA

Gamma-Aminobutyric Acid, a neurotransmitter in the brain that plays a key role in regulating nerve excitability and muscle tone.