Question
General Electric Company has total equity of $1,500,000 and total liabilities of $1,200,000. Calculate the company's debt-to-equity ratio and interpret what this ratio signifies about
ยทGeneral Electric Company has total equity of $1,500,000 and total liabilities of $1,200,000. Calculate the company's debt-to-equity ratio and interpret what this ratio signifies about the company's financial structure.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 1
1119048532, 978-1119048534
