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Lesmerises Corporation's Most Recent Balance Sheet and Income Statement Appear

Question 47

Multiple Choice

Lesmerises Corporation's most recent balance sheet and income statement appear below: Lesmerises Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $2.85 per share. -The debt-to-equity ratio at the end of Year 2 is closest to: A) 0.67 B) 0.61 C) 0.34 D) 0.25 Lesmerises Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $2.85 per share. -The debt-to-equity ratio at the end of Year 2 is closest to: A) 0.67 B) 0.61 C) 0.34 D) 0.25 Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $2.85 per share.
-The debt-to-equity ratio at the end of Year 2 is closest to:


A) 0.67
B) 0.61
C) 0.34
D) 0.25

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