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Madison Company's ratio of liabilities to stockholders' equity at the end of the current year is 0.69. The total stockholders' equity balance is $550,000. What
Madison Company's ratio of liabilities to stockholders' equity at the end of the current year is 0.69. The total stockholders' equity balance is $550,000. What is the balance of Madison Company's total liabilities?
a. $550,000
b. $379,500
c. $69,000
d. Not enough information is provided to answer this question.
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