The following balance sheet information is provided for Santana Company for Year 2: Assets Cash...
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Accounting
The following balance sheet information is provided for Santana Company for Year 2: Assets Cash $ 4,800 Accounts receivable 10,950 Inventory 14,400 Prepaid expenses 1,200 Plant and equipment, net of depreciation 19,100 Land 13,000 Total assets $ 63,450 Liabilities and Stockholders' Equity Accounts payable $ 2,550 Salaries payable 8,630 Bonds payable (Due in ten years) 10,000 Common stock, no par 18,500 Retained earnings 23,770 Total liabilities and stockholders' equity $ 63,450 What is the company's debt to equity ratio?
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