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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 | ||
Multiple Choice
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0.45
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0.31
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0.69
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2.21
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1.38
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