Excerpts from Nationwide Company’s December 31, 2024 and 202…
Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 45,000$ 40,000Inventory32,00044,000Net sales196,000195,000Cost of goods sold121,000118,000Current liabilities153,000129,000Interest-bearing debt215,000237,000Total stockholders’ equity248,000229,000Net income37,50035,000 What is the debt to equity ratio for 2024?