Debt-to-equity ratiowill able corporations balance sheet, Ask an Expert

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Debt-to-Equity Ratio

Will Able Corporation's balance sheet showed the following amounts: Current Liabilities, $10,000; Bonds Payable, $3,000; Lease Obligations, $4,000; and Notes Payable, $600. Total stockholders' equity was $12,000. The debt-to-equity ratio is:

a. 0.63.

b. 0.83.

c. 1.42.

d. 1.47.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91624096

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