Corona Company's balance sheet accounts follow:
What is Corona Company's debt to equity ratio for 2010?
Definitions:
Owner Invests
occurs when the owner of a business contributes assets, commonly in the form of cash or equipment, into the business for its use.
Retained Earnings
The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders, often used for reinvestment.
Revenue
Income generated from normal business operations and includes discounts and deductions for returned merchandise.
Accounts Payable
Liabilities of a business that represent amounts owed to creditors for goods and services received but not yet paid for.
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