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the company's net income stands at $9.8 million, with depreciation expenses totaling $500,000. Accounts receivable increased by $200,000, while accounts payable decreased by $280,000. Additionally,
the company's net income stands at $9.8 million, with depreciation expenses totaling $500,000. Accounts receivable increased by $200,000, while accounts payable decreased by $280,000. Additionally, the company invested $950,000 in equipment. Our objective here is to calculate the debt-to-equity ratio, which indicates the proportion of debt and equity used to finance the company's assets, and to determine the gross profit margin, a measure of profitability that reveals the proportion of revenue remaining after deducting the cost of goods sold.
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