Question
Valiant Corporation has $1,800,000 in total liabilities, $800,000 of which are current. Valiant has $400,000 of cash and cash equivalents; $300,000 of other current assets;
Valiant Corporation has $1,800,000 in total liabilities, $800,000 of which are current. Valiant has $400,000 of cash and cash equivalents; $300,000 of other current assets; and $2,000,000 in property, plant, and equipment.
Required:
Calculate Valiant's debt to equity ratio.
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Practical Audit Quality Improvement Ensuring Effective Performance Of Internal Audit Functions
Authors: Joyce Gacheru
1st Edition
6138950577, 978-6138950578
