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The year end balance sheet of Dr. Jonathans office show total liabilities of $5,000,000, which includes a loan to expand services. Net worth at the
The year end balance sheet of Dr. Jonathans office show total liabilities of $5,000,000, which includes a loan to expand services. Net worth at the balance sheet date was $4,000,000. Calculate the debt- to- worth ratio.
Using the information above, calculate the debt-to- worth ratio assuming the operating revenue exceed operating expenses by $300,000
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