Kramer Company has total assets of $180,000 and total liabilities of $60,000. The company's debt-to-equity ratio is closest to: A. 0.25 B. 0.33 C. 0.50 D. 0.67

Managerial Accounting: The Cornerstone of Business Decision-Making
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Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter15: Financial Statement Analysis
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Problem 49E
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Please need answer the general accounting question

Kramer Company has total assets of $180,000 and total
liabilities of $60,000. The company's debt-to-equity ratio is
closest to:
A. 0.25
B. 0.33
C. 0.50
D. 0.67
Transcribed Image Text:Kramer Company has total assets of $180,000 and total liabilities of $60,000. The company's debt-to-equity ratio is closest to: A. 0.25 B. 0.33 C. 0.50 D. 0.67
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