On their 2020 balance sheet, Wenger Corporation reported assets of $4,370,000, current liabilities of $589,000, noncurrent liabilities

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On their 2020 balance sheet, Wenger Corporation reported assets of $4,370,000, current liabilities of $589,000, noncurrent liabilities of $1,286,000, and stockholders’ equity of $2,495,000.

Based on above, calculate the debt to assets ratio .

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: Jan 17, 2023 12:20 AM

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On their 2020 balance sheet, Wenger Corporation reported assets of $4,370,000, current liabilities of $589,000, noncurrent liabilities

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On their 2020 balance sheet Wenger Corporation reported assets of 4370000 cur... View the full answer

Intermediate Accounting

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