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What is the company debt ratio for year

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Reference no: EM132452171

Problem - The Hudson Corporation reported the following data:

 

Year 3

Year 2

Year 1

Equipment

$18,000

$16,000

$14,000

Accounts payable

2,300

800

1,000

Cash

8,900

9,300

8,200

Supplies

1,200

1,400

1,700

Accounts receivable

600

400

200

Notes payable

10,300

12,100

14,700

Inventory

2,000

2,200

2,400

Required - What is the company's debt ratio for Year 3?

Reference no: EM132452171

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