Vacuum Magic Carpet Care had the following total assets, liabilities, and equity as of October 31: Assets

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Vacuum Magic Carpet Care had the following total assets, liabilities, and equity as of October 31:
Assets ..... $ 240,000
Liabilities .. 60,000
Equity ...... 180,000
What is Vacuum Magic Carpet Care’s debt ratio as of October 31?

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Jun 12, 2015 09:47 AM

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Vacuum Magic Carpet Care had the following total assets, liabilities, and equity as of October 31: Assets

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Horngrens Financial and Managerial Accounting

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