Question
Jordan Manufacturing reports the following capital structure: Current liabilities $100,000 Long-term debt 400,000 Deferred income taxes 10,000 Preferred stock 80,000 Common stock 100,000 Premium on
Jordan Manufacturing reports the following capital structure: Current liabilities $100,000 Long-term debt 400,000 Deferred income taxes 10,000 Preferred stock 80,000 Common stock 100,000 Premium on common stock 180,000 Retained earnings 170,000 What is the debt ratio? a. 0.48 b. 0.49
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Survey Of Accounting
Authors: Carl S. Warren
4th Edition
0538478144, 9780538478144
