Ratio Analysis Waleed Corporation's statement of financial position showed the following amounts: current liabilities, ($ 70,000); bonds
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Ratio Analysis Waleed Corporation's statement of financial position showed the following amounts: current liabilities, \(\$ 70,000\); bonds payable, \(\$ 150,000\); and lease obligations, \(\$ 20,000\). Total shareholders' equity was \(\$ 90,000\).
\section*{Required:}
Calculate the total debt to total equity ratio. (Note: Round answer to three decimal places.)
\section*{OBJECTIVE 7 CORNERSTONE 9.7}
\section*{Cornerstone Exercise
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Related Book For 
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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