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A corporation reports the following year-end balance sheet data. The company's debt-to-equity ratio equals: Cash $ 54,000 Current liabilities $ 89,000 Accounts receivable 69,000 Long-term

A corporation reports the following year-end balance sheet data. The company's debt-to-equity ratio equals:

Cash $ 54,000 Current liabilities $ 89,000
Accounts receivable 69,000 Long-term liabilities 21,000
Inventory 74,000 Common stock 114,000
Equipment 159,000 Retained earnings 132,000
Total assets $ 356,000 Total liabilities and equity $ 356,000

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