Can someone help me with this question. Volume 3, reading 26, Example 8 p no 260: For the year 2009, the debt equity ratio is calculated to be (146+729)/8491=10.3 Where does the 146 come from??? The balance sheet is from exhibit 12 pg no 245.
Current Liabilities are netted in Exhibit 12 on page 245 so you can’t extract any debt obligations from that information. For total debt, you must also consider the current portion of any outstanding debt. Refer to Exhibit 6 on page 229 for the breakdown.
Got it. Thank you