Tampa Corporation's balance sheet showed the following amounts for their liabilities and stockholders' equity accounts: Current Liabilities, $20,000; Bonds Payable, $60,000; Lease Obligations, $12,000; and Deferred Income Taxes, $2,000 . Total stockholders' equity was $42,000 . The debt-to-equity ratio is

a. 0.45
b. 0.58
c. 1.76
d. 2.24


d

Business

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