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Find the company debt-to-equity ratio at the end of year

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Question - Deacon Corporation has provided the following financial data from its balance sheet and income statement:

Year 2Year 1  Total assets$1,298,000 $1,232,000   Total liabilities$610,000 $462,100   Total stockholders' equity$734,400 $892,000   Net operating income (income before interest and taxes)$69,903    Interest expense$35,000  

Find the company's debt-to-equity ratio at the end of Year 2.

0.68

0.63

0.52

0.83

Reference no: EM131592141

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