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The following data is from Delta's common size financial statement: Earnings after taxes 18% Equity 40% Current assets 60% Current liabilities 30% Sales $300 Total
The following data is from Delta's common size financial statement:
| Earnings after taxes | 18% |
| Equity | 40% |
| Current assets | 60% |
| Current liabilities | 30% |
| Sales | $300 |
| Total assets | $1,400 |
What is Delta's total-liabilities-to-equity ratio?
| a. | 2.0. | |
| b. | 1.5. | |
| c. | 1.0. |
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Frank Hodge
10th Edition
1260481352, 978-1260481358
