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Computation of total debt ratio
Leverage. A firm has a long-term debt-equity ratio of 4. Shareholders equity is $1 million. Current assets are $200,000 and the current ratio is 2. The only current liabilities are notes payable. What is the total debt ratio?
Journal entries to record depreciation where the life of the truck is not extend and Prepare the journal entries to record the cost of the upgrade
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