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Karl Company Has Total Assets of $170,000 and Total Liabilities

Question 104

Multiple Choice

Karl Company has total assets of $170,000 and total liabilities of $110,000.The company's debt-to-equity ratio is closest to:

A) 0.35 to 1.
B) 0.39 to 1.
C) 0.65 to 1.
D) 1.83 to 1.

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