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Blackstone Company has total assets of $550,000 and owners' equity of $220,000, of which $65,000 of the equity is common stock. To which of the following is the company's debt-to-equity ratio closest? A. 0.60 B. 1.50 C. 5.08 D. 0.67

Blackstone Company has total assets of $550,000 and owners' equity of $220,000, of which $65,000 of the equity is common stock. To which of the following is the company's debt-to-equity ratio closest? A. 0.60 B. 1.50 C. 5.08 D. 0.67

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6CE
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Blackstone Company has total assets of $550,000 and owners' equity of $220,000, of which $65,000 of the equity is common stock. To which of the following is the company's debt-to-equity ratio closest? A. 0.60 B. 1.50 C. 5.08 D. 0.67
Transcribed Image Text:Blackstone Company has total assets of $550,000 and owners' equity of $220,000, of which $65,000 of the equity is common stock. To which of the following is the company's debt-to-equity ratio closest? A. 0.60 B. 1.50 C. 5.08 D. 0.67
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