Calculate the debt to equity ratio of the business

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The following is a condensed balance sheet of T. Clements, Inc

Total Current Assests $150,000.00

Total Fixed Assests $125,000.00

Total Current Liabilities $45,000.00

Total Long Term Liabilities $75,000.00

Total Equity $ 155,000.00

Calculate the debt to equity ratio of the business and explain what your calculation means

Reference no: EM131968565

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