Corporate Fin Focused Approach
5th Edition
ISBN: 9781285660516
Author: EHRHARDT
Publisher: Cengage
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Transcribed Image Text:Ellington Enterprises has the following financial data:
Current assets = $120,000
Noncurrent assets = $230,000
Current liabilities = $90,000
Long-term liabilities = $60,000
What is the debt-to-equity ratio?
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