Use This Balance Sheet and Income Statement to Answer the Following

question 31

Multiple Choice

Use this balance sheet and income statement to answer the following question.Use ending balances whenever average balances are required for computing ratios. The debt to equity ratio for Isanti Systems is

• A) 67 percent.
• B) 75 percent.
• C) 25 percent.
• D) 33.3 percent.

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Contract Defense

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