Question: Please explain the solution to this general accounting problem with accurate explanations. Summit Enterprises has total liabilities of $450,000 and a debt-to-assets ratio of 0.6.

Please explain the solution to this general accounting problem with accurate explanations.

Summit Enterprises has total liabilities of $450,000 and a debt-to-assets ratio of 0.6. The company paid $30,000 in dividends during the year. What is the company's owner's equity

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