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Chase Challengingware Store Had $500,000 in Total Assets,$175,000 in Total

Question 186

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Chase Challengingware Store had $500,000 in total assets,$175,000 in total liabilities,and $325,000 in shareholders' equity.Interest expense for the period was $7,500.Income from operations was $50,000.Calculate the debt-to-equity ratio.Round your answer to the nearest tenth of a percent.

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$175,000 /...

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