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PE 1-8A Ratio of liabilities to owner’s equity OBJ. 6 The following data were taken from Mesa Company’s balance sheet: Dec. 31, 2014 Dec. 31, 2013 Total liabilities $547,800 $518,000 Total owner’s equity 415,000 370,000 a. Compute the ratio of liabilities to owner’s equity. b. Has the credi...
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