For Solar Industries and its related but separate financing company Solar Financing Corp, calculate the debt to
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For Solar Industries and its related but separate financing company Solar Financing Corp, calculate the debt to equity ratio for 2022 and 2023. Explain why there are such significant differences in the ratios.
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Solar Industries (in millions) Solar Financing Corp (in millions) 2023 2022 2023 2022 Total Debt (A) 42,850 Total Equity (B) 20,502 36,700 23,955 88,760 8,470 76,452 7,454
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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