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Consider the following balance sheet for Go The Distance Trading
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Question : Consider the following balance sheet for Go The Distance Trading

Consider the following balance sheet for Go The Distance Trading Cards. Sales were $1,200,000 in the past year.

Go The Distance Trading Cards Balance Sheet, 2013:

$299,530.00 (total liabilites and equity)

What is the debt-to-asset ratio for this firm?

 

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