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How do calculate the debt to equity ratio

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Reference no: EM132612818

The following amounts represent the assets and liabilities of ABC Inc. at the end of the year:

Assets

Cash $ 13000

Accounts receivable $ 26000

Inventory $ (in]

Equipment $ 24000

Liabilities

Accounts payable $ 12800

Deferred revenue (all current) $ 4000

Long term debt $ 11900

Question 1: Calculate the debt to equity ratio. Round your answer to two digits.

Reference no: EM132612818

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