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Calculate the debt to equity ratio. (Round your answer to two decimal places.) Miller, Inc. provides the following data: Miller, Inc. Comparative Balance Sheet Dec
Calculate the debt to equity ratio. (Round your answer to two decimal places.)
Miller, Inc. provides the following data: Miller, Inc. Comparative Balance Sheet Dec 31, 2025 Assets Current Assets: Cash and Cash Equivalents $123,000 Accounts Receivable, Net 31,000 Merchandise Inventory 53,000 Total Current Assets 207,000 Property, Plant, and Equipment, Net 120,000 Total Assets $ 327,000 Liabilities Current Liabilities: Accounts Payable $ 54,900 Notes Payable 2,900 Total Current Liabilities 57,800 Long-term Liabilities 91,000 Total Liabilities 148,800 Stockholders' Equity Common Stock 81,000 Retained Earnings 97,200 Total Stockholders' Equity 178,200 Total Liabilities and Stockholders' Equity $ 327,000 Calculate the debt to equity ratio. (Round your answer to two decimal placesStep by Step Solution
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