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Longhorn Company Reported the Following Data at Year-End Calculate Each of the Following Ratios:
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Question 27

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Longhorn Company reported the following data at year-end:
 Total stockholders’ equity $200,000 Current liabilities 75,000 Total assets 350,000 Current assets 80,000 Common stock (par $10)125,000\begin{array} { l r } \text { Total stockholders' equity } & \$ 200,000 \\\text { Current liabilities } & 75,000 \\\text { Total assets } & 350,000 \\\text { Current assets } & 80,000 \\\text { Common stock (par } \$ 10 ) & 125,000\end{array} Calculate each of the following ratios:
A.Debt to equity
B.Current ratio

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