The following data represent selected information from the comparative income statement and balance sheet for Duenke Company for the years ended December 31, 2009 and 2008: * 10,000 shares of common stock have been issued and outstanding since the company was established. They had a market value of $90 per share on December 31, 2008, and they were selling for $91.50 on December 31, 2009.
The debt ratio for Duenke Company on December 31, 2009, was:
Definitions:
Multinational Corporation
A corporate organization that owns or controls production of goods or services in one or more countries other than its home country.
Foreign Exchange
The trading of currencies from different countries against each other.
Mutual Benefits
A situation or agreement in which all parties involved gain advantages or profits.
Multinational Corporation
An enterprise operating in several countries but managed from one (home) country, typically having a centralized head office where they coordinate global management.
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