Condensed balance sheet of t clements

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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: EM131863360

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