Sanders Company has total assets of $ 3 8 9 million. Its total liabilities are $ 1

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Question:

Sanders Company has total assets of $

389

million. Its total liabilities are $

102.1

million, and its equity is $

286.9

million. Calculate its debt ratio.

(

Round your answer to

1

decimal place.

)

Related Book For answer-question

Accounting What the Numbers Mean

ISBN: 978-1260565492

12th edition

Authors: David Marshall, Wayne McManus, Daniel Viele

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Posted Date: Mar 26, 2024 07:21 AM

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Sanders Company has total assets of $ 3 8 9 million. Its total liabilities are $ 1

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To calculate the debt ratio of Sanders Company we need to divide its total liabilities by i... View the full answer

Accounting What the Numbers Mean

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