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A corporation balance sheet showed the following amounts

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A corporation’s balance sheet showed the following amounts: 

Current Liabilities ..................................$20,000

Bonds Payable .......................................$60,000

Lease Obligations ..................................$12,000

Deferred Income Taxes ...........................$2,000

Total stockholders’ equity was ..............$42,000

The debt-to-equity ratio is............................

Reference no: EM131140394

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