The following is selected financial information from Recipe Unlimited Corporations Balance Sheet as at December 31, 2020

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The following is selected financial information from Recipe Unlimited Corporation’s Balance Sheet as at December 31, 2020 and 2019. Calculate the debt to equity ratio for 2020 and 2019 (round to two decimal places). Comment on the change.

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Fundamental Accounting Principles Volume 1

ISBN: 9781260881325

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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Question Posted: Jun 28, 2023 01:03 AM

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The following is selected financial information from Recipe Unlimited Corporations Balance Sheet as at December 31, 2020

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(Numbers in thousands) Current liabilities Non-current liabilities Shareholders' equity 2020 2019 427,927 430,758 1,397,608 1,488,322 283,536 344,986

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Numbers in thousands Debt to equity ratio 2020 427927 1397608 283536 18255...View the full answer

Fundamental Accounting Principles Volume 1

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