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52. In 2023, Company ZZ reported the following: - Total Liabilities: $300,000 - Total Equity: $500,000
52.
In 2023, Company ZZ reported the following:
- Total Liabilities: $300,000
- Total Equity: $500,000
- Total Assets: $800,000
Calculate the debt-to-equity ratio and interpret the result in terms of the company's financial leverage.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
