Use This Balance Sheet and Income Statement for the First

question 126

Multiple Choice

Use this balance sheet and income statement for the first year of operations for Cane Construction to answer the following question.Use ending balances whenever average balances are required for computing ratios. The debt to equity ratio for Cane Construction is

• A)16-2/3 percent.
• B)20 percent.
• C)80 percent.
• D)83-1/3 percent.

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