Cavendish Corporation's balance sheet reflects total assets of $250 million as of November 30, 2010 and total liabilities of $200 million. Cavendish issues $100 million of preferred stock, receiving $100 million in cash. After issuing the preferred stock Cavendish's debt to equity ratio is:

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The Answer of Cavendish Corporation's balance sheet reflects total assets of $250 million as of November 30, 2010 and total liabilities of $200 million. Cavendish issues $100 million of preferred stock, receiving $100 million in cash. After issuing the preferred stock Cavendish's debt to equity ratio is:

Cavendish Corporation's Balance Sheet Reflects Total Assets of $250 Million