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pleaseee help A company's assets consist of $60,000 of cash, $375,000 of accounts receivable, $450,000 of inventory, and $900,000 of plant and equipment. Its liabilities
pleaseee help
A company's assets consist of $60,000 of cash, $375,000 of accounts receivable, $450,000 of inventory, and $900,000 of plant and equipment. Its liabilities consist of $240,000 of accounts payable, $95,000 of accruals, and $450,000 of long-term debt. The company's annual sales are $2,975,000, its earnings before interest and taxes are $460,000, it paid $55,000 of interest, and its tax rate is 37%. What is the company's debt/equity ratio? 1) 0.45 2) 1.12 3) 0.79 4) 0.91 5) 0.68 Step by Step Solution
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