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  3. whitten corporation's balance sheet shows the foll

Whitten Corporation's balance sheet shows the following amounts: current assets, $200,000; current liabilities, $80,000; bonds...

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Accounting

image Whitten Corporation's balance sheet shows the following amounts: current assets, $200,000; current liabilities, $80,000; bonds payable, $155,000; and lease obligations, $25,000. Total stockholders' equity is $120,000. Required: Calculate the debt to equity ratio. Round your answer to two decimal places

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