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Last year Jandik Corp. had $365,000 of assets, $18,750 of netincome, and a debt-to-total-assets ratio of 37%. Now suppose thenew CFO convinces the president to
Last year Jandik Corp. had $365,000 of assets, $18,750 of netincome, and a debt-to-total-assets ratio of 37%. Now suppose thenew CFO convinces the president to increase the debt ratio to 48%.Sales 2 answers
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