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Fast Tech Corporation's most recent balance sheet shows total assets of $45,600,000, total liabilities of $27,360,000, and total equity of $18,240,000. The debt to equity ratio for the period is: a. 0.60 b. 1.50 c. 0.40 d. 2.50

Fast Tech Corporation's most recent balance sheet shows total assets of $45,600,000, total liabilities of $27,360,000, and total equity of $18,240,000. The debt to equity ratio for the period is: a. 0.60 b. 1.50 c. 0.40 d. 2.50

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 23MCQ
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Fast Tech Corporation's most recent balance sheet shows total assets of $45,600,000, total liabilities of $27,360,000, and total equity of $18,240,000. The debt to equity ratio for the period is: a. 0.60 b. 1.50 c. 0.40 d. 2.50
Transcribed Image Text:Fast Tech Corporation's most recent balance sheet shows total assets of $45,600,000, total liabilities of $27,360,000, and total equity of $18,240,000. The debt to equity ratio for the period is: a. 0.60 b. 1.50 c. 0.40 d. 2.50
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