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Amy's Antiques decides to retire a large piece of equipment with a net book value of $8,071. Prior to the retirement, Amy's Antiques had total
Amy's Antiques decides to retire a large piece of equipment with a net book value of $8,071. Prior to the retirement, Amy's Antiques had total liabilities of $100,000 and total assets of $120,000. What is Amy's Debt to Assets ratio after the retirement? Round your final answer to two decimal places Step by Step Solution
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Introduction To Managerial Accounting
Authors: Peter C. Brewer, Ray H. Garrison, Eric W. Noreen
2nd Edition
0072922990, 9780072922998
