Kings Company has total assets of $240,000 and total liabilities of $80,000. The company's debt-to-equity ratio is closest to:
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Kings Company has total assets of $240,000 and total liabilities of $80,000. The company's debt-to-equity ratio is closest to:
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- Need helpA company’s balance sheet reveals it has total assets of $8,081,700, total liabilities of $2,966,700, and total equity of $5,115,000. The current debt-to-equity ratio for this company is: 0.37. 0.58. 0.63. 1.72. 2.72.Kings Company has total assets of $240,000 and total liabilities of $80,000. The company's debt-to-equity ratio is closest to: No AI
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- Financial AccountingGeisner Inc. has total assets of $1,000,000 and total liabilities of $600,000. The industry average debt-to-equity ratio is 1.20. Calculate Geisner's debt-to-equity ratio and indicate whether the company's default risk is higher or lower than the average of other companies in the industry.Financial accounting