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TB MC Qu. 16-199 (Algo) Deacon Corporation has provided the following... Deacon Corporation has provided the following financial data from its balance sheet and income
TB MC Qu. 16-199 (Algo) Deacon Corporation has provided the following... Deacon Corporation has provided the following financial data from its balance sheet and income statement: Total assets. Total liabilities Total stockholders' equity Net operating income (income before interest and taxes) Interest expense The company's debt-to-equity ratio at the end of Year 2 is closest to: Year 2 $ 1,271,200 $ 538,000 $ 733,200 $ 68,933 $ 26,000 Year 1 $ 1,249,000 $ 461,000 $ 788,000 Multiple Choice 0.73 0.62 0.38 0.42
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