Willow Corporations balance sheet showed the following amounts: Current Liabilities, $5,000; Bonds Payable, $1,500; Lease Obligations, 2,300.

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Willow Corporation’s balance sheet showed the following amounts: Current Liabilities, $5,000; Bonds Payable, $1,500; Lease Obligations, 2,300. Total stockholders’ equity was $6,000. The debt-to-equity ratio is:

a. 0.63.

b. 0.83.

c. 1.42.

d. 1.47.

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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Question Posted: Sep 19, 2024 04:01 AM

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Willow Corporations balance sheet showed the following amounts: Current Liabilities, $5,000; Bonds Payable, $1,500; Lease Obligations, 2,300.

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Cornerstones Of Financial Accounting Current Trends Update

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