Question
The following is a condensed balance sheet of T. Clements, Inc Total Current Assests$150,000.00 Total Fixed Assests$125,000.00 Total Current Liabilities$45,000.00 Total Long TermLiabilities $75,000.00 Total
The following is a condensed balance sheet of T. Clements, Inc
Total Current Assests$150,000.00
Total Fixed Assests$125,000.00
Total Current Liabilities$45,000.00
Total Long TermLiabilities $75,000.00
Total Equity$ 155,000.00
Calculate the debt to equity ratio of the business and explain what your calculation means
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
