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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

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
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 49E
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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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