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Boulder Mountain Ski Company has total assets of $489,600,000 and a debt ratio of 0.29. Calculate company's debt-to-equity the ratio.

Boulder Mountain Ski Company has total assets of $489,600,000 and a debt ratio of 0.29. Calculate company's debt-to-equity the 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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Boulder Mountain Ski Company has total assets of $489,600,000 and a debt ratio of 0.29. Calculate company's debt-to-equity the ratio.
Transcribed Image Text:Boulder Mountain Ski Company has total assets of $489,600,000 and a debt ratio of 0.29. Calculate company's debt-to-equity the ratio.
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