Question
As of May 31, 2014, Mallard Company reported the following on its financial statements: Total assets $300,000 Total liabilities $200,000 Total owner's equity $100,000 What
As of May 31, 2014, Mallard Company reported the following on its financial statements:
Total assets $300,000
Total liabilities $200,000
Total owner\'s equity $100,000
What Mallard\'s ratio of liabilities to owner\'s equity is?
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Survey of Accounting
Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair, Bor
4th edition
77862376, 978-0077862374
