After a fire destroyed the accounting records and most of the offices of Park Company, the owner
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Current assets ....... $ 40,000
Long-term liabilities ...... 60,000
Net income ........ 32,000
Return on assets ......... 8%
Ratio of debt-to-equity ..... 0.25
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Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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