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XY Company Reported the Following Year-End Data: Income Before Interest and taxes Expense $36,000 Cost of Good Sold $20,000 Interest Expense $1,800 Total Current Liabilities
XY Company Reported the Following Year-End Data:
Income Before Interest and taxes Expense $36,000
Cost of Good Sold $20,000
Interest Expense $1,800
Total Current Liabilities $18,000
Common Stocks $3,000
Long Term Debt $33,000
Paid in capital $6,000
Total Current Assets $26,000
Net fixed Assets $40,000
Retained Earning $8,000
Compute the Debt to Equity Ratio?
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
