RATIO ANALYSIS Red Corporation had $2,000,000 in total liabilities and $3,500,000 in total assets as of December
Question:
RATIO ANALYSIS Red Corporation had $2,000,000 in total liabilities and $3,500,000 in total assets as of December 31, 2009. Of Red’s total liabilities, $350,000 is long-term.
Required:
Calculate Red’s debt to assets ratio and its long-term debt to equity ratio.
Cornerstone Exercise
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Related Book For 
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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