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Below is Company A's balance sheet at the end of 2022. What is the debt ratio of Company A? Assets Amount Cash and equivalents $
Below is Company A's balance sheet at the end of 2022. What is the debt ratio of Company A?
| Assets | Amount |
| Cash and equivalents | $ 20.0 |
| Accounts receivables | 270.0 |
| Inventory | 160.0 |
| Net plant and equipment | 550.0 |
| 2022 | |
| Liabilities and Equity | Amount |
| Accounts payable | $ 10.0 |
| Accruals | 80.0 |
| Notes payable | 160.0 |
| Long–term bonds | 350.0 |
| Common stock (25 million shares) | 210.0 |
| Retained earnings | 190.0 |
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The debt ratio also known as the debt to equity ratio is c...
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
