Multiple Choice
Delavan Company has fixed assets of $5 billion,current assets of $2 billion,long-term liabilities of $2 billion,current liabilities of $1 billion,and owners' equity of $5 billion.What is Delavan's debt-to-equity ratio?
A) .6
B) .9
C) 1.2
D) .4
E) .8
Correct Answer:

Verified
Correct Answer:
Verified
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