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Question
A corporation has annual sales of $18 million, total assets of $4 million, a debt ratio of 40%, depreciation expense of $200,000, and a tax rate of 40%. The corporation's total stockholders' equity is equal toA) $5,600,000.
B) $2,800,000.
C) $2,400,000.
D) $1,800,000.
Answer
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