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2. In 2023, Company B reported the following figures: - Total Assets: $500,000 - Total Liabilities: $200,000 - Shareholder's Equity:
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In 2023, Company B reported the following figures:
- Total Assets: $500,000
- Total Liabilities: $200,000
- Shareholder's Equity: $300,000
Calculate the debt-to-equity ratio and return on assets (ROA). Discuss the financial health of Company B based on these ratios.
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
978-0324300987
