Longhorn Company Reported the Following Data at Year-End: Required

question 9

Essay

Longhorn Company reported the following data at year-end: Required:
Calculate each of the following ratios. Round your answers to two decimal places.
A.Debt-to-equity ratio
B.Current ratio

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Definitions:

Chain of Command

The formal line of authority, communication, and responsibility within an organization.

Upward Communication Technique

Strategies or methods used for conveying information from lower levels of an organization to higher levels, often to provide feedback or report on progress.

Retiring Experts

Experienced professionals who are leaving their careers or positions, often leading to a loss of specialized knowledge within an organization.

Cell Phones

Portable electronic devices that allow for telecommunication over long distances without the need for wired connections.