Debt-to-Equity Ratio Will Able Corporations balance sheet showed the following amounts: Current Liabilities, $10,000; Bonds Payable, $3,000;

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Debt-to-Equity Ratio Will Able Corporation’s balance sheet showed the following amounts: Current Liabilities,

$10,000; Bonds Payable, $3,000; Lease Obligations, $4,000; and Notes Payable,

$600. Total stockholders’ equity was $12,000. The debt-to-equity ratio is:

a. 0.63.

b. 0.83.

c. 1.42.

d. 1.47.

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