Suppose that for 2011 Rod Companys current assets totaled $35,600; total assets totaled $70,000; current liabilities totaled
Question:
Suppose that for 2011 Rod Company’s current assets totaled $35,600; total assets totaled $70,000; current liabilities totaled $16,000; and total liabilities totaled $25,600. Calculate the debt-to-equity ratio for Rod Company for 2011.
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Total liabilities 25600 ...View the full answer
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Related Book For 
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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