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= Titan Manufacturing's balance sheet shows the following amounts: Current Liabilities = $85,000 Long-term Bonds $45,000 Capital Lease Obligations = $30,000 Bank Loans $15,000 Total Stockholders' Equity = $120,000 Calculate the debt-to-equity ratio. = a) 1.25 b) 1.46 c) 1.58 d) 1.75

= Titan Manufacturing's balance sheet shows the following amounts: Current Liabilities = $85,000 Long-term Bonds $45,000 Capital Lease Obligations = $30,000 Bank Loans $15,000 Total Stockholders' Equity = $120,000 Calculate the debt-to-equity ratio. = a) 1.25 b) 1.46 c) 1.58 d) 1.75

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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= Titan Manufacturing's balance sheet shows the following amounts: Current Liabilities = $85,000 Long-term Bonds $45,000 Capital Lease Obligations = $30,000 Bank Loans $15,000 Total Stockholders' Equity = $120,000 Calculate the debt-to-equity ratio. = a) 1.25 b) 1.46 c) 1.58 d) 1.75
Transcribed Image Text:= Titan Manufacturing's balance sheet shows the following amounts: Current Liabilities = $85,000 Long-term Bonds $45,000 Capital Lease Obligations = $30,000 Bank Loans $15,000 Total Stockholders' Equity = $120,000 Calculate the debt-to-equity ratio. = a) 1.25 b) 1.46 c) 1.58 d) 1.75
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