Calculate the Debt Ratio, Equity Ratio, and Debt to Equity ratio, based on the following: cash = $14,870; acounts receivable = $22,108; prepaid $3,010; supplies = $927; equipment = $62,150; accumulated depreciation = 13,750; accounts payable = 28,000.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Calculate the Debt Ratio, Equity Ratio, and Debt to Equity ratio, based on the following: cash = $14,870; acounts receivable = $22,108; prepaid $3,010; supplies = $927; equipment = $62,150; accumulated depreciation = 13,750; accounts payable = 28,000.

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