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Darmstadt Company presented the following data at the end of 2019: Current liabilities $450 Short-term loan 800 Accounts Payable 300 Long-term Debt 1,650 Common Stock
Darmstadt Company presented the following data at the end of 2019:
| Current liabilities | $450 |
| Short-term loan | 800 |
| Accounts Payable | 300 |
| Long-term Debt | 1,650 |
| Common Stock | 1,260 |
| Retained Earnings | 945 |
Determine the debt-to-total assets ratio for Darmstadt Company (rounded to two decimal places).
Format for the answer: 99.99
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
12th edition
