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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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
