Question
Given the following data: Total liabilities Total stockholders' equity Dec. 31, Year 2 $128,250 95,000 Dec. 31, Year 1 $120,000 80,000 Compute the ratio
Given the following data: Total liabilities Total stockholders' equity Dec. 31, Year 2 $128,250 95,000 Dec. 31, Year 1 $120,000 80,000 Compute the ratio of liabilities to stockholders' equity for each year. Round to two decimal places. Ca. 1.50 and 1.07, respectively Ob. 1.07 and 1.19, respectively Cc. 1.19 and 1.35, respectively Od. 1.35 and 1.50, respectively
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
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