Question
The following amounts represent the complete assets and liabilities of ABC Inc. at the end of the year: Assets Cash $ 12000 Accounts receivable $
The following amounts represent the complete assets and liabilities of ABC Inc. at the end of the year:
Assets
Cash $ 12000
Accounts receivable $ 23600
Inventory $ (in]
Equipment $ 30000
Liabilities
Accounts payable $ 6000
Deferred revenue (all current) $ 5500Long term debt $ 9200
Calculate the debt to equity ratio
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow
1st Canadian Edition
1118757149, 978-1118757147
