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-According to the Above Table

Question 101

Multiple Choice

 Net sales reverule $900,000 Expenses $500,000 Interest $10,000 Income tax expense $90,000Net cash from operations $290,000 Fixed Assets end of currert year $600,000 Liabilities end of current year $100,000 Stockholders  equity end of curent year $500,000 Fixed Assets end of previous year $590,000 Stockholders  equity end of previous year $490,000 Common stock outstanding40,000sharesCurent market price of stock $15 share\begin{array}{llcc} \text { Net sales reverule } &\$900,000 \\ \text { Expenses } &\$500,000\\ \text { Interest } &\$10,000\\ \text { Income tax expense } &\$90,000\\ \text {Net cash from operations } &\$290,000\\ \text { Fixed Assets end of currert year } &\$600,000\\ \text { Liabilities end of current year } &\$100,000\\ \text { Stockholders \({ } ^ { ' }\) equity end of curent year } &\$500,000\\ \text { Fixed Assets end of previous year } &\$590,000\\ \text { Stockholders \({ } ^ { ' }\) equity end of previous year } &\$490,000\\ \text { Common stock outstanding} &40,000 \text {shares}\\ \text {Curent market price of stock } &\$15 \text { share}\\\end{array}


-According to the above Table.Calculate the debt to equity ratio for the current year.


A) 17
B) 20
C) 33
D) 67

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