Venus Corporation reported the following balances for the year 2015: land, $200,000; equipment, 65,000; cash, $40,000; prepaid

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Venus Corporation reported the following balances for the year 2015: land, $200,000; equipment, 65,000; cash, $40,000; prepaid expenses, $8,000; inventory, $15,000; and owners' equity $115,000.

Determine debt-equity ratio for the year.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0470161012

9th Canadian Edition, Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.

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Posted Date: Mar 27, 2024 02:46 AM

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Venus Corporation reported the following balances for the year 2015: land, $200,000; equipment, 65,000; cash, $40,000; prepaid

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To determine the debtequity ratio for the year 2015 we need to calculate the total debt ... View the full answer

Intermediate Accounting

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