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Red Corporation has $2,000,000 in total liabilities and3,500,000 in total assets as of December 31, 2012. Of Red's Totalliabilities, $350,000 is long-term Calculate Red's debt to assetsratio and its long term debt to equity ratio.

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Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
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ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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Long-term Liabilities. 41CE
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