The balance sheet for Sylvester Inc. at the end of the first year of operations indicates the
Question:
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What is the long-term debt to total assets ratio for 2011 (rounded to one decimal place)?
a. 37.9%
b. 40.0%
c. 22.1%
d. 41.7%
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For 
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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