Multiple Choice
Sam's Smartphone Accessories Inc.(SMA) has fixed assets of $5 million,current assets of $2 million,long-term liabilities of $2 million,current liabilities of $1 million,and owners' equity of $2 million.What is SMA's debt-to-equity ratio?
A) 1.5
B) 0.9
C) 1.2
D) 0.4
E) 0.8
Correct Answer:
Verified
Correct Answer:
Verified
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