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Aurora Dynamics Inc. has the following balances on its balance sheet: • Current Liabilities = $18,000 • Bonds Payable = $12,000 • Lease Obligations = $7,000 • Notes Payable = $3,000 • Total Stockholders' Equity = $20,000 What is the Debt-to-Equity Ratio for Aurora Dynamics Inc.?

Aurora Dynamics Inc. has the following balances on its balance sheet: • Current Liabilities = $18,000 • Bonds Payable = $12,000 • Lease Obligations = $7,000 • Notes Payable = $3,000 • Total Stockholders' Equity = $20,000 What is the Debt-to-Equity Ratio for Aurora Dynamics Inc.?

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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Please provide the correct answer to this financial accounting problem using valid calculations.

Aurora Dynamics Inc. has the following balances on its balance sheet: • Current Liabilities = $18,000 • Bonds Payable = $12,000 • Lease Obligations = $7,000 • Notes Payable = $3,000 • Total Stockholders' Equity = $20,000 What is the Debt-to-Equity Ratio for Aurora Dynamics Inc.?
Transcribed Image Text:Aurora Dynamics Inc. has the following balances on its balance sheet: • Current Liabilities = $18,000 • Bonds Payable = $12,000 • Lease Obligations = $7,000 • Notes Payable = $3,000 • Total Stockholders' Equity = $20,000 What is the Debt-to-Equity Ratio for Aurora Dynamics Inc.?
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