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Johnston & Myers Inc. had the following balance sheet data for a recent year: Current assets $720,000 Property, plant, and equipment (net) 1,110,000 Current liabilities
Johnston & Myers Inc. had the following balance sheet data for a recent year: Current assets $720,000 Property, plant, and equipment (net) 1,110,000 Current liabilities 230,000 Long-term liabilities 450,000 Common stock, $10 par 250,000 Retained earnings 1,000,000 What is Johnston & Myers Inc.'s ratio of liabilities to stockholders' equity
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Introductory Financial Accounting For Business
Authors: Thomas Edmonds, Christopher Edmonds, Mark Edmonds, Jennifer Edmonds, Philip Olds
2nd Edition
1260575306, 978-1260575309
