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    Fundamental Accounting Principles Study Set 5
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    Exam 2: Analyzing and Recording Transactions
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    A Company Had Total Assets of $350,000 and Total Liabilities
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A Company Had Total Assets of $350,000 and Total Liabilities

Question 181

Question 181

Essay

A company had total assets of $350,000 and total liabilities of $101,500 and total equity of $248,500. Calculate its debt ratio.

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$101,500/$...

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