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Summit Technologies' most recent balance sheet reports total assets of $42,750,000, total liabilities of $25,650,000, and total equity of $17,100,000. The debt to equity ratio for the period is: a. 0.60 b. 1.50 c. 1.67 d. 0.40 e. 2.50

Summit Technologies' most recent balance sheet reports total assets of $42,750,000, total liabilities of $25,650,000, and total equity of $17,100,000. The debt to equity ratio for the period is: a. 0.60 b. 1.50 c. 1.67 d. 0.40 e. 2.50

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Summit Technologies' most recent balance sheet reports total assets of $42,750,000, total liabilities of $25,650,000, and total equity of $17,100,000. The debt to equity ratio for the period is: a. 0.60 b. 1.50 c. 1.67 d. 0.40 e. 2.50
Transcribed Image Text:Summit Technologies' most recent balance sheet reports total assets of $42,750,000, total liabilities of $25,650,000, and total equity of $17,100,000. The debt to equity ratio for the period is: a. 0.60 b. 1.50 c. 1.67 d. 0.40 e. 2.50
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