MC Qu. 196 Lasch Corporation has ... Lasch Corporation has provided the followin

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MC Qu. 196 Lasch Corporation has ...

Lasch Corporation has provided the following financial data from its balance sheet and income statement:

The company's debt-to-equity ratio at the end of Year 2 is closest to:

a. 0.30

b. 0.41

c. 0.60

d. 0.36

Year 2 Year 1 Total assets $1,333,000 $1,320,000 Accounts payable $158,000 $160,000 Accrued liabilities $43,000 $40,000 Notes payable, short term $47,000 $50,000 Bonds payable $250,000 $250,000 Total liabilities $498,000 $500,000 Total stockholders' equity $835,000 $820,000

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