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Jackson Corporation's balance sheet showed the following amounts: current liabilities, $2,800; bonds payable, $6,000; lease obligations, $2,000. Total stockholder's equity was $7,200. The debt to
Jackson Corporation's balance sheet showed the following amounts: current liabilities, $2,800; bonds payable, $6,000; lease obligations, $2,000. Total stockholder's equity was $7,200. The debt to equity ratio is: O 0.67. O 1.11. 01.22. O 1.50. O 1.67. Question 5 2.5 pts Axle Corporation's balance sheet showed the following amounts: total assets, $225,000, current liabilities, $45,000; total liabilities, $80,000. The debt to equity ratio is: O 0.44 O 0.55. O 0.80 O 1.25 O 1.60
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