A company's balance sheet reports stockholders' equity of $800,000. The debt to equity ratio is 2.5. What is the amount of the company's total liabilities?
A) $2,000,000
B) $320,000
C) $1,000,000
D) $800,000
Answer: A
Accounting MCQ
Accounting
A company's balance sheet reports stockholders' equity of $800,000. The debt to equity ratio is 2.5. What is the amount of the company's total liabilities?
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