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    Managerial Accounting for Undergraduates
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    Exam 14: Analysis and Interpretation of Financial Statements
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    At December 31, 2019, David Bash Company Has Total Assets
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At December 31, 2019, David Bash Company Has Total Assets

Question 57

Question 57

Multiple Choice

At December 31, 2019, David Bash Company has total assets of $1,000,000, total liabilities of $720,000, and total owner's equity of $280,000.
At December 31, 2019, David Bash Company's debt-to-equity ratio is:


A) 0.28
B) 5.00
C) 0.72
D) 2.57

Correct Answer:

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