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A firm has a long-term debt-equity ratio of 0.4. Its Shareholders equity is $1 million. Current assets are $200,000, and total assets are $1.5 million.
A firm has a long-term debt-equity ratio of 0.4. Its Shareholders equity is $1 million. Current assets are $200,000, and total assets are $1.5 million. If the current ratio is 2.0, then what is the ratio of debt to total long-term capital
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Accounting Comes Alive The Color Accounting Parable
Authors: Mark Robilliard ,Peter Frampton, Chang Chang, Mark Morrow, John Gorman
1st Edition
1450769608, 978-1450769600
