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What is the debt to equity ratio after the two transactions

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Reference no: EM133019676

Question - Total assets are $1,000,000Total Liabilities are $600,000

1) Issued 8,000 shares of $10 par value common stock for $100,000.

2) Underwriting fees associated with the stock issuance of $10,000 were paid with the proceeds of the stock issuance.

Required - What is the debt to equity ratio AFTER the two transactions?

Reference no: EM133019676

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