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During the current year, Acme Company reports net income of $135,000 and a return on equity of 25%. Stockholders' equity is $480,000 at the beginning
During the current year, Acme Company reports net income of $135,000 and a return on equity of 25%. Stockholders' equity is $480,000 at the beginning of the year, and total liabilities are $258,000 at the end of the year. What is the debt-to-equity ratio at the end of the year? Round to two decimal places. O 0.28 0.35 O 0.43 0.57 O None of the above
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