Alden Corp. has the following balances as of December 31, 2019:
Calculate the debt to equity ratio. (Round your answer to two decimal points.)
A) 0.64
B) 0.92
C) 1.56
D) 2.56
C) 1.56
Explanation: Debt to equity ratio = $67,000 / $43,000 = 1.56
Diff: 1
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Indicate whether the statement is true or false
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What will be an ideal response?