Chase Challengingware Store Had $500,000 in Total Assets,$175,000 in Total

question 186

Short Answer

Chase Challengingware Store had $500,000 in total assets,$175,000 in total liabilities,and $325,000 in shareholders' equity.Interest expense for the period was $7,500.Income from operations was $50,000.Calculate the debt-to-equity ratio.Round your answer to the nearest tenth of a percent.

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Definitions:

Managerial Activities

Tasks and responsibilities undertaken by managers, such as planning, leading, organizing, and controlling to achieve organizational goals.

Mintzberg

A reference to Henry Mintzberg, a renowned academic and author known for his work on business and management practices, especially in the context of organizational structures and strategy.

Managerial Role

The specific duties and responsibilities assigned to managers, including planning, organizing, leading, and controlling an organization's resources.

Entrepreneur

A person who organizes, manages, and assumes the risks of a business or enterprise, often seen as an innovator or source of new ideas.