True/False
A company has assets of $350,000 and total liabilities of $200,000. Its debt-to-equity ratio is 0.6.
If total assets and total liabilities are $350,000 and $200,000, respectively, shareholders' equity must be $150,000. Thus, the debt-to-equity ratio is $200,000/$150,000 or 1.3.
Correct Answer:
Verified
Correct Answer:
Verified
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