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Pioneer Company's most recent balance sheet reports total assets of $35,750,000, total liabilities of $19,800,000, and total equity of $15,950,000. The debt to equity ratio for the period is: a) 0.65 b) 1.24 c) 0.85 d) 1.45 e) 2.24

Pioneer Company's most recent balance sheet reports total assets of $35,750,000, total liabilities of $19,800,000, and total equity of $15,950,000. The debt to equity ratio for the period is: a) 0.65 b) 1.24 c) 0.85 d) 1.45 e) 2.24

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 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...
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Pioneer Company's most recent balance sheet reports total assets of $35,750,000, total liabilities of $19,800,000, and total equity of $15,950,000. The debt to equity ratio for the period is: a) 0.65 b) 1.24 c) 0.85 d) 1.45 e) 2.24
Transcribed Image Text:Pioneer Company's most recent balance sheet reports total assets of $35,750,000, total liabilities of $19,800,000, and total equity of $15,950,000. The debt to equity ratio for the period is: a) 0.65 b) 1.24 c) 0.85 d) 1.45 e) 2.24
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