The Balance Sheet for Jim's Hardware Has the Following Items

question 16

Multiple Choice

The balance sheet for Jim's Hardware has the following items listed.Current Liabilities,$25,345;Long Term Debt,$100,000;Total Liabilities,$125,345;Total Assets,$325,490.What is the Debt to Equity Ratio for this company?

• A)0)198
• B)0)307
• C)0)626
• D)0)499
• E)0)385

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