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ABC Corp's balance sheet shows total assets of $40,000,000, total liabilities of $25,000,000, and total equity of $15,000,000. Calculate the debt-to- equity ratio. a. 1.25 b. 1.67 c. 2.00 d. 1.50

ABC Corp's balance sheet shows total assets of $40,000,000, total liabilities of $25,000,000, and total equity of $15,000,000. Calculate the debt-to- equity ratio. a. 1.25 b. 1.67 c. 2.00 d. 1.50

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 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...
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ABC Corp's balance sheet shows total assets of $40,000,000, total liabilities of $25,000,000, and total equity of $15,000,000. Calculate the debt-to- equity ratio. a. 1.25 b. 1.67 c. 2.00 d. 1.50
Transcribed Image Text:ABC Corp's balance sheet shows total assets of $40,000,000, total liabilities of $25,000,000, and total equity of $15,000,000. Calculate the debt-to- equity ratio. a. 1.25 b. 1.67 c. 2.00 d. 1.50
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