Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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General accounting question

Eastwood Industries' balance sheet shows the following: Total assets: $5.4 million Total liabilities: $3.6 million Total equity: $1.8 million What is Eastwood's debt to equity ratio? a. 1.5 b. 2.0 c. 3.0 d. 0.67
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Transcribed Image Text:Eastwood Industries' balance sheet shows the following: Total assets: $5.4 million Total liabilities: $3.6 million Total equity: $1.8 million What is Eastwood's debt to equity ratio? a. 1.5 b. 2.0 c. 3.0 d. 0.67
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