Use the balance sheet data below Current liability $10 Long term debt $40 Deferred tax liability. $1
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Question:
Use the balance sheet data below
- Current liability $10
- Long term debt $40
- Deferred tax liability. $1
- Deferred stock. $8
- Common stock. $10
- Premium on common stock.$ 18
- Retained earnings. $17
- Compute the debt ratio.
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