Calculate the debt to equity ratio for sanchez company

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Sanchez Company had the following year-end balances:

Cash $325,000

Marketable Securities 175,000

Accounts Receivable, net 450,000

Inventory 225,000

Plant Assets, net 750,000

Accounts Payable 375,000

Long-term Note Payable 365,000

Common Stock 645,000

Retained Earnings 540,000

Problem 1: Calculate the debt to equity ratio.

Reference no: EM132769777

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