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A company has the following financial information: • Current assets: $90,000 ⚫ Noncurrent assets: $180,000 ⚫ Current liabilities: $60,000 • Long-term liabilities: $45,000 Calculate the debt to equity ratio.

A company has the following financial information: • Current assets: $90,000 ⚫ Noncurrent assets: $180,000 ⚫ Current liabilities: $60,000 • Long-term liabilities: $45,000 Calculate the debt to equity ratio.

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 49E
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A company has the following financial information: • Current assets: $90,000 ⚫ Noncurrent assets: $180,000 ⚫ Current liabilities: $60,000 • Long-term liabilities: $45,000 Calculate the debt to equity ratio.
Transcribed Image Text:A company has the following financial information: • Current assets: $90,000 ⚫ Noncurrent assets: $180,000 ⚫ Current liabilities: $60,000 • Long-term liabilities: $45,000 Calculate the debt to equity ratio.
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