Vacuum Magic Carpet Care had the following total assets, liabilities, and equity as of October 31: Assets
Question:
Assets ..... $ 240,000
Liabilities .. 60,000
Equity ...... 180,000
What is Vacuum Magic Carpet Care’s debt ratio as of October 31?
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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