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    Business
  3. Study Set
    Financial and Managerial Accounting
  4. Exam
    Exam 13: Analysis and Interpretation of Financial Statements
  5. Question
    At December 31, 2019, Gevas Company Has Total Assets of $3,000,000
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At December 31, 2019, Gevas Company Has Total Assets of $3,000,000

Question 7

Question 7

Multiple Choice

At December 31, 2019, Gevas Company has total assets of $3,000,000, total liabilities of $450,000, and total owner's equity of $2,550,000.
At December 31, 2019, Gevas debt-to-equity ratio is:


A) 0.18
B) 4.09
C) 0.65
D) 2.10

Correct Answer:

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