Question: Question 10 (10 points) Given the following balance sheet information: Liabilities Current Liabilities Accounts Payable $48,546 Total Current Liabilities $48,546 Long Term Liabilities Bank Loan

Question 10 (10 points) Given the following balance sheet information: Liabilities

Question 10 (10 points) Given the following balance sheet information: Liabilities Current Liabilities Accounts Payable $48,546 Total Current Liabilities $48,546 Long Term Liabilities Bank Loan Total Long Term Liabilities $233,034 $233,034 Owner's Equity: $543,241 Calculate the Debt/Equity ratio. Your

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