If the total debt ratio of Beacon Corporation is 0.55, what is the total debt-equity ratio? (Assume no leases.)

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
Problem 8P
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What is the total debt equity ratio of this financial accounting question?

If the total debt ratio of Beacon Corporation is
0.55, what is the total debt-equity ratio?
(Assume no leases.)
Transcribed Image Text:If the total debt ratio of Beacon Corporation is 0.55, what is the total debt-equity ratio? (Assume no leases.)
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