Surround,Inc

question 59

Multiple Choice

Surround,Inc.provides the following data: Calculate the debt to equity ratio.(Round your answer to two decimal places.)

• A) 0.39
• B) 0.05
• C) 1.23
• D) 0.65

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Definitions:

Maturity Date

The maturity date is the specified date on a financial instrument at which the principal (or final payment) is due to be paid to the holder.

Retained Earnings

The portion of a company's net income that is not distributed to shareholders as dividends but is retained by the company to reinvest in its core business or to pay debt.

Accounts Payable

The amounts owed by a business to its suppliers or creditors for goods and services received but not yet paid for.