Question
The following amounts represent the complete assets and liabilities of ABC Inc. at the end of the year: Assets Cash $ 13000 Accounts receivable $
The following amounts represent the complete assets and liabilities of ABC Inc. at the end of the year:
Assets
Cash $ 13000
Accounts receivable $ 26000Inventory $ (in]
Equipment $ 24000
Liabilities
Accounts payable $ 12800
Deferred revenue (all current) $ 4000
Long term debt $ 11900
Calculate the debt to equity ratio. Round your answer to two digits.
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Financial Accounting The Impact on Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
9th edition
ISBN: 130565417X, 1305654174, 9781285972572 , 978-1285182964
