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Lifemark Company has current liabilities of $50,000 and long-term liabilities of $75,000. It also has $50,000 in common stock and $25,000 in retained earnings. Calculate Lifemark's debt- to-equity ratio.

Lifemark Company has current liabilities of $50,000 and long-term liabilities of $75,000. It also has $50,000 in common stock and $25,000 in retained earnings. Calculate Lifemark's debt- to-equity ratio.

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
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Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...
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Lifemark Company has current liabilities of $50,000 and long-term liabilities of $75,000. It also has $50,000 in common stock and $25,000 in retained earnings. Calculate Lifemark's debt- to-equity ratio.
Transcribed Image Text:Lifemark Company has current liabilities of $50,000 and long-term liabilities of $75,000. It also has $50,000 in common stock and $25,000 in retained earnings. Calculate Lifemark's debt- to-equity ratio.
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