Frank Crawford Corporation's balance sheet showed the following amounts: Current Liabilities,$15,000;Bonds Payable,$8,000;Lease Obligations,$9,000;and Notes Payable,$5,600.Total stockholders' equity was $17,000.The debt-to-equity ratio is
A) 0.88.
B) 1.18.
C) 0.71.
D) 2.21.
Correct Answer:
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