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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Transcribed Image Text:Pioneer Company's most recent balance sheet reports total assets of
$35,750,000, total liabilities of $19,800,000, and total equity of $15,950,000.
The debt to equity ratio for the period is:
a) 0.65
b) 1.24
c) 0.85
d) 1.45
e) 2.24
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