As of May 31, 2014, Mallard Company reported the following on its financial statements: Total assets $300,000

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As of May 31, 2014, Mallard Company reported the following on its financial statements:

Total assets $300,000

Total liabilities $200,000

Total owner\'s equity $100,000

What Mallard\'s ratio of liabilities to owner\'s equity is?

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Survey of Accounting

ISBN: 978-0077862374

4th edition

Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair,Bor

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Posted Date: Sep 13, 2020 03:43 AM

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As of May 31, 2014, Mallard Company reported the following on its financial statements: Total assets $300,000

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Survey of Accounting

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