Multiple Choice
Gem Jewelers has current assets of $687,600, total assets of $1,711,000, net working capital of $223,700, and long-term debt of $450,000. What is the debt-equity ratio?
A) 0.87
B) 0.94
C) 1.21
D) 1.15
E) 1.06
Correct Answer:
Verified
Correct Answer:
Verified
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