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Given the Following Data:Dec

question 158

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Given the following data:Dec. 31,Year 2 Dec. 31,Year 1Total liabilities $128,250 $120,000Total owner's equity 95,000 80,000Compute the ratio of liabilities to owner's equity for each year. Round to two decimal places.


Definitions:

Sclerenchyma

A type of plant tissue known for its thick, lignified cell walls, which provide structural support.

Fibers

Indigestible plant substances consisting mostly of cellulose, aiding in digestion and bowel health.

Sclereids

Thick-walled, often branched cells found in plants that provide support and deter herbivory.

Guard Cells

Pairs of cells surrounding stomata in plant leaves and stems, regulating gas exchange and water loss by controlling the opening and closing of stomata.

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