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S Company had the following account balances: Bonds Payable $7,000 CR Supplies $7,000 DR Accounts Receivable $1,000 DR Accounts Payables $5,000 CR Building & Land
S Company had the following account balances:
Bonds Payable $7,000 CR
Supplies $7,000 DR
Accounts Receivable $1,000 DR
Accounts Payables $5,000 CR
Building & Land $13,000 DR
Retained Earnings $4,000 DR
Cash $5,000 DR
Discount-Bonds Payable $2,000 DR
If $4,000 of the Accounts Payable were paid using cash, what would be the Debt-to-Equity Ratio taking into account the payment of the Accounts Payable?
(Round to the nearest 3rd decimal place in your answer format)
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