Multiple Choice
At December 31, Mendez Company has total assets of $900,000, total liabilities of $200,000, and total owner's equity of $700,000.
At December 31, Mendez Company's debt-to-equity ratio is:
A) 0.29
B) 1.20
C) 5.00
D) 0.17
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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