The following data represent selected information from the comparative income statement and balance sheet for Duenke Company for the years ended December 31, 2009 and 2008: * 10,000 shares of common stock have been issued and outstanding since the company was established. They had a market value of $90 per share on December 31, 2008, and they were selling for $91.50 on December 31, 2009.
The debt ratio for Duenke Company on December 31, 2009, was:
A) 1.87.
B) 0.54.
C) 1.82.
D) 0.55.
Correct Answer:
Verified
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